Reuters has released a range of reference rates on China’s bond market. Its Bond Reference Rates aim to meet the global and domestic markets’ vast appetite for reliable, benchmark quality data on Chinese bonds.
Reuters Bond Reference Rates – China is available on Reuters 3000 Xtra and Reuters Trader for China, bringing customers leading benchmarks covering China’s central bank bills, treasury bonds and sovereign bonds.
Reuters Central Bank Bills Reference Rates, Treasury Bonds Reference Rates and Sovereign Bonds Reference Rates are calculated from indicative rates provided by 13 Chinese and foreign banks, including Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, Deutsche Bank, HSBC and Standard Charted Bank. The Reuters Bond Reference Rates are the most timely source of Chinese bond data as they are updated daily.
“As China’s financial markets continue to grow and become more sophisticated, there is a need for dependable, benchmark-quality data,” says Alex Hungate, Chief Marketing Officer, Reuters. “With over 130 years presence and relationships in China, Reuters is well placed to support the development of the Chinese financial markets. The launch of Reuters Chinese bond reference rates brings the global and domestic trading community trustworthy bond market benchmarking tools. The new data is made possible by the dynamic contribution of market prices from our Chinese and global customers and Reuters strong market know-how.”
In September Reuters launched a set of data featuring Telerate’s benchmark and reference pages. The data also complements Reuters Trading for Fixed Income which has customers actively trading fixed income securities in Europe and will be expanded to other markets by the end of the year.
Reuters is also supporting the growth of China’s foreign exchange market. Reuters electronic trading technology enabled China Foreign Exchange Trade System to launch an electronic foreign exchange portal. It currently supports the trading of eight foreign currency pairs: the US dollar against the euro, yen, Hong Kong dollar, British pound, Swiss franc, Australian dollar and Canadian dollar, plus the euro against the yen.