Funds eye China inclusion in global bond benchmarks this year

Fund managers are weighing the impact of Chinese bonds being included in global fixed-income benchmarks, which they see as likely to happen this year thanks to the further opening of the mainland interbank bond market (IBB) last month. The designation of the renminbi as a global reserve currency this year has also raised expectations.  Admittedly, questions remain over details such as capital remittance and how to convert offshore money into onshore renminbi, but Chinese authoriti…