China's scheduled inclusion in the FTSE World Government Bond Index — its third entry into a major global bond index — comes at a time when investors are hunting for yield in an environment of ultra-low interest rates.
FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year.
SINGAPORE — Major index provider FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year — a development that will bring billions of dollars of inflows into China. Pan Gongsheng, deputy governor of the People's Bank of China and director of State Administration of Foreign Exchange, said in a statement that international investors held 2.8 trillion yuan of Chinese bonds as at end August. That's less than 3% of the entire Chinese bond market.
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