Singapore steals a march over HK with China bond ETF

Singapore steals a march over HK with China bond ETF

(ATF) Nearly 10 years ago, when I joined the fixed-income trading desk of a major European bank in Hong Kong, I was surprised to have my new boss tell me “here in Asia, our biggest challenge is a shortage of assets”. Having followed Asia’s markets and economies for around 20 ...

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China's entry into global bond indexes, reforms to draw $3 trillion inflows 

China's entry into global bond indexes to draw $3 trillion inflows 

China government bonds will be included in the FTSE World Government Bond Index (WGBI), in an acknowledgement of the rapid development and deepening of the world’s second largest bond market. Index provider FTSE Russell announced early on Friday (Asian hours) the inclusion of bonds from the $16 trillion market will ...

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China a 90% chance for WGBI index, Morgan Stanley says

China a 90% chance for WGBI index, Morgan Stanley says

Morgan Stanley says the chance of China being added to one of the world's top government bond indexes tomorrow has risen substantially after the country made improvements to ease access to its market. FTSE Russell, which runs the World Government Bond Index (WGBI), a benchmark for an estimated $2 trillion ...

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China closer to world bond benchmark inclusion  

China closer to world bond benchmark inclusion  

(ATF) China announced overnight it had amended some bond trading rules and that now foreign investors will have the flexibility to choose their settlement period without prior notification to authorities. Analysts said this will increase its chances of inclusion in the World Government Bond Index (WGBI), when index provider FTSE ...

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NDRC takes credit for low corporate bond default rate of 0.2%

NDRC takes credit for low corporate bond default rate of 0.2%

(ATF) National Development and Reform Commission (NDRC) spokesperson Meng Wei said the risk prevention of China’s corporate bonds is “good". "Up to now, corporate bonds have defaulted 8.14 billion yuan, accounting for only 0.2% of the total stock of corporate bonds,” Meng said, adding this has played a positive role ...

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Huayang Group's spectacular 'ring of debt'

Huayang Group's spectacular 'ring of debt'

(ATF) The Bank of Fushun has sued China Huayang Economic and Trade Group Co Ltd – Huayang Group – to publicise its outstanding debt and bond defaults. Al Jazeera recently published a video on the ‘Fushun Ghost City’ to illustrate China's spectacular economic problems and inefficiencies. According to reports from ...

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China sets up direct foreign service for interbank bonds

China sets up direct foreign service for interbank bonds

(ATF) An electronic service has been launched in the CIBM Direct scheme for foreign investors to trade bonds on China’s interbank bond market, according to a statement on Wednesday by the central bank's subsidiary National Interbank Funding Center (NIFC, also known as China's Foreign Exchange Trade System). The new trading ...

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