Skip to main content

PBOC:Chinese Government Bonds to be Included in FTSE WGBI

 FTSE Russell announced on September 25, 2020 that it will add Chinese government bonds to its World Government Bond Index (WGBI).

The reform and opening-up of the Chinese bond market has been pushed forward steadily in recent years. As of end-August 2020, the market was worth RMB112 trillion in terms of its outstanding volume. In particular, RMB2.8 trillion of bonds were held by international investors, registering an average annual growth of 40 percent in the past three years.

FTSE Russell CEO Waqas Samad said that Chinese Government Bonds will be added  to the FTSE WGBI from October 2021. The Chinese authorities have worked hard to enhance the infrastructure of the government bond market. Pending an affirmation in March 2021, international investors will be able to access the second largest bond market in the world through FTSE Russell’s flagship WGBI.

According to Pan Gongsheng, Deputy Governor of the People’s Bank of China (PBC) and Administrator of the State Administration of Foreign Exchange (SAFE), among the three major global bond index providers, two of them have already included Chinese bonds in their principal indices. Now, FTSE Russell has announced an inclusion timetable for Chinese government bonds in its WGBI index. This fully reflects the confidence that international investors have in the long-term sound development of China’s economy and in China’s commitment to further opening up its financial markets, which is very much welcomed by the PBC.

Next, the PBC will continue to work with all parties concerned to proactively improve relevant policies and institutional arrangements, further open up the Chinese bond market and provide a more friendly and convenient investment environment for investors domestically and abroad.



For China derivatives market access and more market information please contact sherry_ustc@163.com

Labels:

Comments

Post a Comment

Popular posts from this blog

INE: Circular on Adding the Deliverable Crude Oil for Crude Oil Futures

  In accordance with the Contract of Crude Oil Futures of Shanghai International Energy Exchange(hereinafter referred to as INE) and the Delivery Rules of Shanghai International Energy Exchange, INE hereby decides to add Murban crude oil as deliverable crude. The loading port is set to be either Fujairah Terminal or Jebel Dhanna Terminal. The grade and price differential of the newly-added deliverable crude oil are stipulated as follows:   Grade and Price Differential of the Newly-added Deliverable. Crude Oil for INE Crude Oil Futures: Country Deliverable Crude API Gravity Sulful (%) Premium or Discount (Yuan/Barrel) United Arab Emirates Murban ≥35 ≤1.5 5 Notes: 1. API gravity = (141.5 / S.G.60/ 60 °F) – 131.5; S.G.: as per ASTM D1298. 　　　 2. Sulfur content: as per ASTM D4294.   From June 1st, 2021, the Murban crude oil will be allowed to be loaded-in and be used for standard warrant issuance and futures delivery. INE will closely track and review market development in ea...
Post a Comment
Read more

Zhengzhou Commodity Exchange listed sodium hydroxide, p-xylene futures & options on Sep 15th

China's securities regulator said it had approved the registration of caustic soda and xylene futures and options at the Zhengzhou Commodity Exchange on Aug 26th. The China Securities Regulatory Commission urged the Zhengzhou Commodity Exchange to get well prepared across the board, ensuring the smooth launch and sound operation of caustic soda and xylene futures and options. Sodium Hydroxide, P-xylene futures & options had been listed in ZCE on Sep 15th.    Detail of Sodium Hydroxide Futures and Options: english.czce.com.cn/en/Products/sodiumHydroxide/H810325index_1.htm Detail of PX Futures and Options: english.czce.com.cn/en/Products/paraxylene/H810324index_1.htm For China derivatives market access and more market information please contact  sherry_ustc@163.com For more China derivatives market news please visit   FangQuant
Post a Comment
Read more

A Brief Introduction to the Status of China's Commodity Futures Market

  1. Development of China's Commodity Futures Market   Since 2010, the Chinese futures market had fast expanded with the launch of financial futures and Exchange-traded options. The derivatives market has entered a stage of comprehensive development from commodity futures to financial futures, from futures to options, from exchange-listed to OTC, and from domestic-investors-only to liberalized foreign investor trading.   Currently, China’s domestically listed futures and options cover 7 categories of finance, industrial metals, precious metals, chemicals, energy, black series and agricultural products, with a total of 91 varieties, including 64 commodity futures and 20 commodity futures options. Figure 1 Commodity Futures and Options in China Source: Galaxy Futures 2.    Commodity Futures Market 2.1 Market expansion In terms of time, China's commodity futures market has continued to expand steadily, and trading volume, open interest and trading v...
Post a Comment
Read more