FTSE TMX Global Debt Capital Markets has added to its China bond markets offering with 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 USD4.5 billion. The FTSE China Onshore Bond Index Series has been developed to ensure accuracy and transparency by adopting a hierarchical approach on pricing sources.