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February 1, 2019

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Bloomberg takes China into index

International financial information provider Bloomberg will include Chinese bonds into one of its global indices, enabling further opening-up of China’s bonds market, the company confirmed yesterday.

Chinese RMB-denominated government and policy bank securities will be added to the Bloomberg Barclays Global Aggregate Index starting in April, phasing in over a 20-month period.

Chinese bonds will become the fourth largest currency component, following the US dollar, euro and Japanese yen, after full inclusion.

China’s bonds market stood at about 86 trillion yuan (US$12.84 trillion) by the end of 2018, with about 1.8 trillion yuan held by global investors, up 46 percent year on year.

The inclusion is the latest opening-up step of China’s financial markets and reflects global investors’ confidence in the Chinese economy, the country’s central bank said in a statement.

With the upcoming inclusion of China to the global index, the country’s bond market presents a growing opportunity for global investors, Bloomberg Chairman Peter T. Grauer said.




 

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