FTSE Russell said on Friday in Asia that it will start adding Chinese sovereign bonds into its bond benchmarks from October 2021, a year after the British index compiler decided against such a move.
The decision follows one by JPMorgan Chase, which earlier this year began including Chinese government debt in its own benchmarks in a phased manner. Bloomberg Barclays, another major index compiler, had begun that process in April 2019.
At about $16 trillion in outstanding securities, China is the world’s second largest bond market.
FTSE Russell, which is owned by the London Stock Exchange, said Chinese authorities have implemented “significant improvements”...