The FTSE China Onshore Bond Index Series has been developed in response to increased demand for access to the growing fixed income sector in China, and will be of interest to international investors seeking access to the world's third largest onshore bond market, according to FTSE.
"The FTSE China Onshore Bond Index Series is another example of our ability to create indices that harness the wide range of opportunities currently available in China," said Jessie Pak, the managing director of FTSE Group's Asian operations. "We feel that the benchmarks strongly complement FTSE's global offering, and will extend our leading position in the region, as China's market continues to open up to international investors."
Chinese offshore bonds are traded either between banks or through China's stock exchanges. Combined, the two markets are currently worth over $4.5 billion.
The new series will complement FTSE's existing offshore RMB bond indices, which were first published in October 2013. The FTSE-BOCHK Offshore RMB Bond Index Series was developed in conjunction with Bank of China Hong Kong.