Caixin
Feb 01, 2019 04:15 AM
FINANCE

Yuan Bonds to Join Benchmark Bloomberg Index in April

Foreign holdings account for only 2% of China’s bond market. Photo VCG
Foreign holdings account for only 2% of China’s bond market. Photo VCG

Bloomberg will phase in yuan-denominated Chinese government and policy bank bonds to the Bloomberg Barclays Global Aggregate index starting in April, marking the Chinese debt market’s first inclusion in a major global gauge.

The expected move grows out of Beijing’s policy changes to improve foreign access to China’s financial markets. The same day, China’s top securities regulator announced a plan to expand options for foreign investors through the country’s two main inbound investment programs.

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