Finance

China is set to join FTSE World Government Bond Index in October 2021

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A Chinese national flag seen in front of Oriental Pearl Tower in Shanghai on September 8, 2019.

Alex Tai | SOPA Images | LightRocket via Getty Images

SINGAPORE — Major index provider FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year — a development that will bring billions of dollars of inflows into China.  

The inclusion — which will be China’s third entry into a major global bond index — comes at a time when investors are hunting for yield in an environment of ultra-low interest rates. Several investors estimated that at least $100 billion will flow into China after its bonds debut on the FTSE…



Source cnbc.com

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