People’s Bank of China welcomes inclusion of the Chinese bond market into the world’s major stock indexes

Almaty. February 27. Silkroadnews – People’s Bank of China (PBOC) welcomes inclusion of the Chinese bond market into the world’s major stock indexes, “Xinhua” agency reported.

“This will help to better reflect the overall situation of the global bond market and help global investors allocate their bond assets more reasonably”, the publication says.

As PBOC deputy governor Pan Gongsheng stated, the PBOC actively works to support China bond market transparency and release of foreign institutions bonds in China. Among the activities undertaken there are encouragement of foreign investments attraction into China bond market, administrative procedures simplification, removal of investment limit regulation; there are almost no restriction for capital flows as well. The next step will be to continue boosting improvement of various policies on the distribution to make the foreign investors investment environment more friendly and comfortable.

It is noted in the publication, at the end of 2016 the rest of China bond market totaled 63.7 trillion yuan, making the country the third largest market in the world and the second one in Asia.