CITIGROUP Inc. said yesterday that it will include China’s onshore bonds in its emerging markets and regional indexes, marking another victory in China’s efforts to woo foreign investors to its bond market to counter capital outflows.

    The announcement by Citi Fixed Income Indices came days after Bloomberg included China bonds in its global indexes offering, and could prompt other index publishers to follow suit.

    Citi did not give a specific date for when China bonds would be added to its indexes. Citi said that it has been monitoring China’s eligibility since February 2016, when China opened its interbank bond market to foreign participants, and had now decided to include China bonds in its indexes after an extensive review.

    “We are pleased to see regulatory changes that enable market access, allowing us to reflect and provide new investment opportunities,” Arom Pathammavong, global head of Citi Fixed Income Indices, said in a statement.

    China has redoubled efforts to lure overseas investors and bump up bond market inflows after relaxing rules on foreign investment. (SD-Agencies)