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JPMorgan index to cover Chinese bonds

US financial group JPMorgan Chase& Co announced on Wednesday it will include Chinese government bonds into its benchmark emerging-market indexes following its annual index review. China's weight will be capped at 10 percent of the Government Bond Index-Emerging Markets (GBI-EM) global diversified and narrow diversified indexes, the group said in a statement. Their inclusion will be phased in over a 10-month period starting from Feb 28, 2020. Nine eligible local government bonds will be included, the statement said."China has made significant progress over the past three years in terms of market development and now meets all of the index inclusion rules," said Gloria Kim, global head of Index Research at JPMorgan.

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