SHANGHAI: China’s recovery from the Covid-19 pandemic and a flurry of market reforms are creating an ideal backdrop for the possible inclusion of its government bonds in a major global index this week.
Index provider FTSE Russell is widely expected to add Chinese government bonds (CGBs) to its flagship World Government Bond Index (WGBI) after an annual review today, a potentially major step for Chinese bonds as investors seek safe-haven assets in a zero-interest-rate world.
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