China to take 64 trillion yuan domestic bond market global

Hong Kong

THE tide may slowly be turning for Chinese bonds. The central bank recently pledged to create a "more convenient and friendly environment" for foreign investors, following a recent measure to allow currency hedging for bonds, a move seen as one of many efforts needed to lower barriers.

Citigroup Inc said last week it will include onshore Chinese debt in some of its gauges. The world's third-largest debt market needs the money, with investors still smarting from the biggest slump in six years in January.