Emerging Markets
What's New In Investments, Funds?
The latest investment and funds news in Asia-Pacific.
Bloomberg
Bloomberg, the international media, business data and information
services group has rolled out its new “Kungfu” bond tools to help
investors track the dollar-denominated debt issued by Chinese
companies.
The US-headquartered company has also unveiled “Kungfu bond”, an
industry reference for offshore US dollar bonds issued by Chinese
firms and offshore organisations, it said.
The move comes amid strong growth in the bond sector in China;
China dollar bonds doubled in issuance to $287 billion in 2017,
among which a record of $148 billion was issued by Chinese
corporations, according to Bloomberg data. Some 80 per cent of
surveyed firms are already investing in the Chinese dollar bond
market, and almost 30 per cent expect the outlook of the market
to overweight in 2018, Bloomberg said. China has been widening
foreign investor access to its capital markets. On the equity
market side, the MSCI benchmarking group has admitted onshore
China A-shares to its emerging market indices, paving the way for
their inclusion in the holdings of mainstream investors.
The new Bloomberg service offering includes new benchmark yield
curves, real-time news on China’s debt capital market and the
Bloomberg Barclays Emerging Market (EM) USD Aggregate China
index.
