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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A total of 364 onshore Chinese bonds will be added to the Bloomberg Barclays Global Aggregate Index over the next 20 months.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

this is good info shall review thanks for info CNBC

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: Breakingviews - 🏆 470. / 51 Read more »