China-Bond Market/Global Influence

Shotlist

FILE: Beijing, China – Date Unknown (CCTV – No access Chinese mainland)
1. Various of People’s Bank of China (PBOC) headquarters
2. Sign of PBOC inside headquarters

FILE: China – Exact Date and Location Unknown (CCTV – No access Chinese mainland)
3. Various of China’s renminbi (RMB) banknotes going through cash counting machine
4. RMB banknote

FILE: China – Date Unknown (CCTV – No access Chinese mainland)
5. Various of employees working at securities firm

Beijing, China – July 4, 2022 (CCTV – No access Chinese mainland)
6. SOUNDBITE (Chinese) Pan Gongsheng, deputy governor, People’s Bank of China:
“Chinese bonds were included in Bloomberg’s Barclays Global Aggregate Bond Index, JP Morgan’s Government Bond Index for Emerging Markets and the FTSE Russell World Government Bond Index. These demonstrated the increasing international influence and appeal of the Chinese bond market, as well as global investors’ faith in the long-term, steady growth of the Chinese economy and the continuing opening up financial market.”

FILE: Shanghai, China – Date Unknown (CCTV – No access Chinese mainland)
7. Aerial shots of city view, skyscrapers
8. Various of exterior of Shanghai Stock Exchange
9. Screen showing stock indexes

FILE: China – Date Unknown (CCTV – No access Chinese mainland)
10. Various of stock exchange staff working in office

FILE: Shenzhen City, Guangdong Province, south China – Date Unknown (CCTV – No access Chinese mainland)
11. Pedestrian walking by Shenzhen Stock Exchange sign
12. Shenzhen Stock Exchange building interior
13. Various of staff working on computer
14. Various of screen showing stock information

FILE: Beijing, China – Date Unknown (CCTV – No access Chinese mainland)
15. Aerial shots of cityscape

FILE: Guangzhou City, Guangdong Province, south China – Date Unknown (CCTV – No access Chinese mainland)
16. Aerial shots of cityscape

Storyline

China’s bond market has become more popular with rising number and type of investors, showing its growing global influence and the long-term potential of China’s economy, Pan Gongsheng, deputy governor of the People’s Bank of China, said on Monday.

According to official data, over the past five years, the amount of Chinese bonds held by foreign investors has grown at an average annual rate of 40 percent. As of May this year, foreign institutions held more than 3.7 trillion yuan (over 552 billion dollars) of Chinese domestic bonds.

The number of foreign investors has also been growing steadily. There are 1,038 foreign institutions from more than 60 countries and regions, including the United States, Canada, Britain and France, trading in the Chinese bond market as of the end of May this year, about 2.6 times the 2016 figure.

Meanwhile, the type of foreign investors is becoming more diverse. By the end of May, 77 foreign central bank institutions were holding 2.3 trillion yuan (over 344 billion dollars) worth of Chinese bonds. Some 80 of the world’s top 100 asset management firms have invested in China’s interbank bond market.

In 2021, the total trading volume of foreign institutions exceeded 11 trillion yuan (over 1.6 trillion dollars), about 2.2 times the figure in 2019.

“Chinese bonds were included in Bloomberg’s Barclays Global Aggregate Bond Index, JP Morgan’s Government Bond Index for Emerging Markets and the FTSE Russell World Government Bond Index. These demonstrated the increasing international influence and appeal of the Chinese bond market, as well as global investors’ faith in the long-term, steady growth of the Chinese economy and the continuing opening up financial market,” said Pan.