China News Agency, Beijing, February 29 (Xia Bin) The People's Bank of China announced on the 29th that from February 28, 2020, Chinese government bonds were officially included in the JP Morgan Chase Global Emerging Markets Government Bond Index.
The People's Bank of China said that in recent years, the opening up of China's bond market has continued to expand, and the degree of transformation from a factor-based liberalization to a rule-based institutional opening has gradually deepened. As of the end of January 2020, the stock of China's bond market reached 100.4 trillion yuan (RMB, the same below), of which international investors held more than 2.2 trillion yuan of debt, an increase of 22% year-on-year.
Pan Gongsheng, deputy governor of the People ’s Bank of China and director of the State Administration of Foreign Exchange, said: “International bond index suppliers have successively included Chinese bonds in their main indexes, which fully reflects the confidence of international investors in the long-term healthy development of the Chinese economy and the opening up of China ’s financial markets The degree of recognition will help better promote the win-win situation for international investors and China's economic cooperation. "
In the next step, the People's Bank of China, together with relevant departments, will continue to strengthen the construction of the financial market infrastructure and provide a more friendly and convenient investment environment for international investors. (Finish)