China's stock exchange-traded T-bonds ended up Wednesday amid investors' risk-aversion sentiment The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.03 percent at 150.75 points. Turnover swelled 13.19 percent to 569.33 million yuan.
The People's Bank of China (PBOC), the central bank, announced cutting the reserve requirement ratio and lowering key interest rates on Tuesday.
Traders noted that investors feared the fresh cuts in China would not be enough to end a collapse in Chinese stocks and thus they are keen to rush into local bond market to seek safe heaven, which to some extent shored up bond prices.
SSE Corporate Bond Index ended up 0.07 percent at 191.57 points Wednesday. Turnover withered 12.57 percent to 1.83 billion yuan.
SSE-quoted convertibles posted gains on Wednesday with 3 advancers. Shanghai Composite Index shed 1.27 percent to close at 2,927.29 points on the same day.