- New benchmarks give access to world’s third largest onshore bond market
- Complements existing FTSE offshore RMB bond indices
- Hierarchical pricing approach accurately reflects live market prices
FTSE TMX Global Debt Capital Markets has underlined its leading position tracking Chinese bond markets, following the launch of the FTSE China Onshore Bond Index Series. The new suite of benchmarks provides a tool for international investors seeking access to the world’s third largest onshore bond market. The series marks another milestone in the region, following the success of the FTSE-BOCHK Offshore RMB Bond Index Series which were launched in October 2013.
The new benchmark series has been developed in response to increased demand for access to the growing fixed income sector in China. Onshore bonds are traded either interbank or through China’s stock exchanges, and the two markets combined are worth over $4.5 trillion. The FTSE China Onshore Bond Index Series has been developed to ensure accuracy and transparency by adopting a hierarchical approach on pricing sources. More information on the FTSE China Onshore Bond Index Series can be found on: http://www.ftse.com/products/indices/China-RMB-Onshore
FTSE TMX Global Debt Capital Markets is the third largest global provider of fixed income ETF indices.
Ms Jessie Pak, Managing Director, Asia of FTSE Group said:
“The FTSE China Onshore Bond Index Series is another example of our ability to create indices that harness the wide range of opportunities currently available in China. We feel that the benchmarks strongly complement FTSE’s global offering, and will extend our
leading position in the region, as China’s market continues to open up to international investors.”
