183万亿元！我国债券市场规模位居世界第二 多方看好“中国债”

Core Insights - China's bond market has reached a total scale of 183 trillion yuan, ranking second in the world, with significant foreign institutional investment trends emerging amid increased international financial market volatility [1][3]. Group 1: Market Size and Foreign Participation - The total scale of China's bond market is 183 trillion yuan, making it the second largest globally [1][3]. - Over 1,160 foreign institutions from more than 70 countries and regions have entered China's bond market, with foreign holdings amounting to 4.5 trillion yuan, an increase of over 270 billion yuan since the end of 2024 [3]. Group 2: Inclusion in International Indices - Since 2019, China's bonds have been included in major international bond indices such as Bloomberg Barclays, JPMorgan, and FTSE Russell, with increasing weight: - Chinese government and policy financial bonds now hold a weight of 9.7% in the Bloomberg Global Aggregate Index, up 3.7 percentage points from four years ago, surpassing Japan to rank third globally [5]. - Chinese government bonds have a weight of 10% in the JPMorgan Emerging Market Government Bond Index, the largest for any country [5]. - The weight in the FTSE Russell Bond Index has also reached 10%, double the initial estimate [5]. Group 3: Investment Appeal and Future Outlook - China's bond market is attractive due to its actual yield and safe-haven attributes, with stable returns and low price volatility amid a recovering macroeconomic environment [7]. - The People's Bank of China is committed to further opening the bond market, enhancing the investment environment, and attracting more foreign investors, particularly long-term investors [7].