After China finally got a start on seeing its local stocks into global equity indexes, focus turns to what could be an even bigger deal -- winning inclusion into the world’s benchmark bond gauges.
China is preparing the final touches for the next stage in that campaign -- a "Bond Connect" program with Hong Kong that will allow international investors to buy Chinese debt in the city, a mirror of two stock connect facilities with domestic equity markets. Market participants expect an official announcement on the start as soon as July 3.
