FTSE Russell added Chinese government bonds to its World Government Bond Index (WGBI) on October 29, 2021, which is welcomed by the People’s Bank of China (PBC) as it fully reflects the confidence that international investors have in the long-term sound development of China’s economy and in China’s commitment to further opening up its financial markets.
As of end-September, RMB3.9 trillion of Chinese government bonds were held by international investors. The opening-up of the financial markets helps China achieve high-quality economic growth and enables global investors to share China’s economic achievements.
Going forward, the PBC will continue to work with all parties concerned to improve relevant policies and institutional arrangements, consolidate and expand mechanisms for two-way cross-border investment and financing, and provide a more friendly and convenient environment for domestic and overseas investors.
