FTSE Russell will add Chinese government bonds (CGBs) to its flagship World Government Bond Index (WGBI), the index provider said on Thursday, paving the way for billions of dollars of inflows into the world's second-largest economy.
NEW YORK/SHANGHAI - FTSE Russell will add Chinese government bonds to its flagship World Government Bond Index , the index provider said on Thursday, paving the way for billions of dollars of inflows into the world’s second-largest economy.
“Since being placed on the Watch List, the Chinese authorities have implemented significant improvements to the fixed income market infrastructure, facilitating easier participation by international investors,” FTSE Russell said in a statement. Pan Gongsheng, deputy governor at the People’s Bank of China, said international investors held 2.8 trillion yuan worth of Chinese bonds at the end of August.“PBOC will continue to work closely with industry participants to further enhance relevant regulations and to provide a more friendly, convenient investment environment for investors domestically and aboard.”
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