The inclusion of Chinese bonds in international indices like the Bloomberg Barclays Global Aggregate Index will advance the renminbi’s globalisation.
“As China seeks to improve the relevance of its currency to the world economy, it will need to increasingly open its doors to capital flows. Including Chinese bonds in the Bloomberg Barclays index is another step in the right direction,” said Peter Sengelmann, chief investment officer of US investment management and financial planning firm Thun Financial.
On April 1, China's renminbi-denominated government and policy bank securities were included in the Bloomberg Barclays Global Aggregate Index, a global fixed-income investment benchmark.
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