![]() ![]() It gave CGBs a 5.25 percent weighting - about $3.6 billion a month, at the time, and this weighting has now been raised to 6 percent, according to Chinese national broadcaster CCTV. Friday's inclusion followed the Bloomberg Barclays Global Aggregate Index in April 2019 and the Government Bond Index Emerging Markets suite under JP Morgan in February 2020.Ĭhina's central bank, the People's Bank of China (PBC), said in a statement on Friday it welcomes the inclusion that fully reflects the confidence of international investors in the long-term and healthy development of China's economy and the continuous expansion of financial opening.įTSE Russell gave its final approval for Chinese sovereign bonds to be included on its flagship bond index in March. The FTSE WGBI is the last of the three major global bond indexes to include the CGBs. UK index provider FTSE Russell on Friday officially included Chinese government bonds (CGBs) on the FTSE World Government Bond Index (WGBI), a milestone move that experts believe highlights global investors' confidence in CGBs and will raise the yuan's international status.
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