{"id":3487,"date":"2018-03-23T05:19:06","date_gmt":"2018-03-23T09:19:06","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/"},"modified":"2019-08-23T03:31:11","modified_gmt":"2019-08-23T07:31:11","slug":"bloomberg-add-china-bloomberg-barclays-global-aggregate-indices","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/","title":{"rendered":"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices"},"content":{"rendered":"
\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n

\"\"<\/p>\n

Beijing \u2014 Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate Index, once several planned operational enhancements are implemented by the People\u2019s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.<\/p>\n

When fully accounted for in the Global Aggregate Index, local currency Chinese bonds will be the fourth largest currency component following the US dollar, euro and Japanese yen.\u00a0 Using data as of January 31, 2018, the index would include 386 Chinese securities and represent 5.49% of a $53.73 trillion index.<\/p>\n

\u201cToday\u2019s announcement recognizes China\u2019s continued efforts over recent years to enhance access to the world\u2019s third-largest bond market,\u201d said Michael Bloomberg, founder of Bloomberg LP and Chair of the Working Group on U.S. RMB Trading and Clearing. \u201cIt is a testament to China\u2019s firm commitment to financial reforms and the pace of change taking place in its bond market, and another important step for China\u2019s integration with global financial markets.\u201d<\/p>\n

In order to be considered for inclusion in the Global Aggregate Index, a local currency debt market must be classified as investment grade and its currency must be freely tradable, convertible, hedgeable, and free of capital controls.\u00a0 Ongoing enhancements from the PBoC have resulted in RMB-denominated securities meeting these absolute index rules.<\/p>\n

Additional enhancements are required prior to the planned inclusion date to increase investor confidence and to improve market accessibility.\u00a0 Among these are: the implementation of delivery vs. payment settlement, ability to allocate block trades across portfolios, and clarification on tax collection policies.\u00a0 Should progress on these enhancements be delayed, China\u2019s inclusion in the Global Aggregate Index and other Bloomberg Barclays Indices may also be delayed.<\/p>\n

\u201cBloomberg\u2019s inclusion of RMB-denominated bonds in the most widely-used fixed income benchmarks represents a pivotal development for investors around the world,\u201d said Henry M. Paulson, Co-Chair of The Working Group on U.S. RMB Trading and Clearing. \u201cChina\u2019s new position in international bond portfolios will pave the way for robust market activity and support continued financial reforms.\u201d<\/p>\n

\u201cThe Chinese interbank bond markets continue to evolve, and Bloomberg will reflect the maturation of this asset class in our global benchmarks,\u201d said Steve Berkley, Global Head of Bloomberg Indices. \u201cFollowing our introduction of the China Aggregate index in 2004 and the +China indices in 2017, the official inclusion of RMB-denominated securities in the Global Aggregate Index reflects the next natural step expected by global investors.\u201d<\/p>\n

In addition to the Global Aggregate Index, Chinese RMB-denominated debt will be eligible for inclusion in the Global Treasury and EM Local Currency Government Indices starting April 2019.<\/p>\n

The planned inclusion of the Chinese market in the Global Aggregate, Global Treasury, and EM Local Currency Government Indices will be phased in over a 20-month period, starting in April 2019 with a scaling factor of 5% and increasing in 5% increments each month. Bloomberg will review the speed of implementation on an annual basis, per the company\u2019s governance process.<\/p>\n

Bloomberg will create ex-China versions of the Global Aggregate, Global Treasury and EM Local Currency Government Indices for index users who wish to track benchmarks that exclude China.\u00a0 Bloomberg will also offer to create customized capped versions of the indices for investors looking to limit exposure to China.<\/p>\n

Bloomberg provides an independent, transparent approach to indexing for customers across the globe. For more information, please visit bloombergindices.com<\/a>.<\/p>\n

 <\/p>\n

About Bloomberg<\/strong><\/p>\n

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com\/company<\/a>\u00a0or request a demo<\/a>.<\/p>\n

 <\/p>\n

Media Contacts<\/strong><\/p>\n

US, Alyssa Gilmore, +1-212-617-4901, agilmore7@bloomberg.net<\/p>\n

Asia, Belina Tan, +65-6231-3637, belina.tan@bloomberg.net<\/p>\n

EMEA, Anna Schoeffler, +44 20 3525 0776, aschoeffler1@bloomberg.net<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.<\/p>\n","protected":false},"featured_media":1570,"template":"","format":"standard","categories":[86,17],"press_tag":[79],"class_list":["post-3487","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-bloomberg-professional-services","category-press-announcement","press_tag-press-announcements"],"yoast_head":"\nBloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices | Press | Bloomberg LP\" \/>\n<meta property=\"og:description\" content=\"Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/\" \/>\n<meta property=\"og:site_name\" content=\"Bloomberg L.P.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bloomberglp\/\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-23T07:31:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg\" \/>\n<meta name=\"twitter:site\" content=\"@bloomberg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/\",\"url\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/\",\"name\":\"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices | Press | Bloomberg LP\",\"isPartOf\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\"},\"datePublished\":\"2018-03-23T09:19:06+00:00\",\"dateModified\":\"2019-08-23T07:31:11+00:00\",\"description\":\"Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":\"1\",\"name\":\"Home\",\"item\":\"https:\/\/www.bloomberg.com\/company\/\"},{\"@type\":\"ListItem\",\"position\":\"2\",\"name\":\"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\",\"url\":\"https:\/\/www.bloomberg.com\/company\/\",\"name\":\"Bloomberg L.P.\",\"description\":\"Bloomberg L.P. is the leader in global business and financial information, enabling customers to make smarter, faster, more informed business decisions.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bloomberg.com\/company\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices | Press | Bloomberg LP","description":"Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/","og_locale":"en_US","og_type":"article","og_title":"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices | Press | Bloomberg LP","og_description":"Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.","og_url":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/","og_site_name":"Bloomberg L.P.","article_publisher":"https:\/\/www.facebook.com\/bloomberglp\/","article_modified_time":"2019-08-23T07:31:11+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_image":"https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg","twitter_site":"@bloomberg","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/","url":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/","name":"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices | Press | Bloomberg LP","isPartOf":{"@id":"https:\/\/www.bloomberg.com\/company\/#website"},"datePublished":"2018-03-23T09:19:06+00:00","dateModified":"2019-08-23T07:31:11+00:00","description":"Bloomberg today announced that it will add Chinese RMB-denominated government and policy bank securities to the Bloomberg Barclays Global Aggregate index, once several planned operational enhancements are implemented by the People’s Bank of China (PBoC) and Ministry of Finance.\u00a0 The addition of these securities will be phased in over a 20-month period starting April 2019.","breadcrumb":{"@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-add-china-bloomberg-barclays-global-aggregate-indices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":"1","name":"Home","item":"https:\/\/www.bloomberg.com\/company\/"},{"@type":"ListItem","position":"2","name":"Bloomberg to Add China to the Bloomberg Barclays Global Aggregate Indices"}]},{"@type":"WebSite","@id":"https:\/\/www.bloomberg.com\/company\/#website","url":"https:\/\/www.bloomberg.com\/company\/","name":"Bloomberg L.P.","description":"Bloomberg L.P. is the leader in global business and financial information, enabling customers to make smarter, faster, more informed business decisions.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bloomberg.com\/company\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"featured_image_rendered":"<img srcset='https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg 280w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg 300w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg 1024w' src='https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/07\/BBG_Barclays_Convergence.jpg' alt='BBG_Barclays_Convergence.jpg' \/>","category_info":{"name":"Bloomberg Professional Services","blog_landing_name":"Press"},"_links":{"self":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/3487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press"}],"about":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/types\/press"}],"version-history":[{"count":1,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/3487\/revisions"}],"predecessor-version":[{"id":5884,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/3487\/revisions\/5884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media\/1570"}],"wp:attachment":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media?parent=3487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/categories?post=3487"},{"taxonomy":"press_tag","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press_tag?post=3487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}