China's $13 trillion bond market marks a milestone today. Here's what it means

Domestic Chinese bonds became part of a major global index on Monday, marking another milestone in the opening up of China's financial markets.

"Today marks an important milestone as China's capital markets continue to find their place in the global investment mainstream," said Justin Chan, HSBC's co-head of global markets in Asia Pacific. In particular, Chinese central government bonds have the highest foreign ownership at close to 8 percent, noted Khoon Goh, head of Asia research at ANZ bank, in a Monday report. But that's still"very low" compared to 35 percent for U.S. Treasurys and 28 percent for British government debt.

The inclusion of Chinese bonds into various indexes will push China to further reform its financial markets, said Neeraj Seth, managing director and head of Asian fixed income at global investment management firm BlackRock on Monday.

this is good info shall review thanks for info CNBC

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

China’s art market paints a clearer pictureSales in the mainland and beyond dipped in 2018, to $13 bln. There was still exuberance: a monumental abstract triptych sold for a record $65 mln. But the mood ahead of Hong Kong’s Art Basel is subdued. For buyers, that may be good news, auguring less volatility and lower prices.
La source: Breakingviews - 🏆 470. / 51 Lire la suite »