Goldman Sachs estimates there is US$2.5 trillion of global cash following the WGBI, and China's inclusion could drive $140 billion into mainland bonds over the inclusion period.
NEW YORK: FTSE Russell will add Chinese government bonds to its flagship World Government Bond Index (WGBI) starting in 2021 and pending confirmation in March, the index provider said on Thursday.
Chinese government bonds, a $1.5 trillion market, are already a part of the JPMorgan and Bloomberg Barclays index suites.
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