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Chinese bonds added to Bloomberg benchmark index to bring over 1 trillion USD to China, economist says
Chinese bonds' debut in the Bloomberg Barclays Global Aggregate Index in early April is estimated to drive over 1 trillion U.S. dollars of foreign investment into China's bond market over the next decade, a Goldman Sachs expert said on Monday. "It's important to keep in mind that the majority of our estimated one trillion USD inflow will likely come from central banks and sovereign wealth funds, and they are less affected by the impact of index inclusion," said Danny Suwanapruti, an economist at the research division of Goldman Sachs, in a research note. "Nonetheless, the index inclusion reflects significant ... (full story)