Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  IHS Markit    INFO   BMG475671050


News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

IHS Markit : and ChinaBond Pricing Center Launch New Benchmarks for Onshore Chinese Bond Market

share with twitter share with LinkedIn share with facebook
share via e-mail
10/11/2018 | 08:18pm EDT

SHANGHAI--(BUSINESS WIRE)--Business information provider IHS Markit (Nasdaq: INFO) today announced the launch of new onshore Chinese bond market indices in alliance with ChinaBond Pricing Center Co., Ltd. (CBPC), a subsidiary of China Central Depository and Clearing Co., Ltd. (CCDC), the leading pricing provider for the world's third largest fixed income market.

The new iBoxx ChinaBond indices are the first international, independent fixed income benchmarks using CBPC pricing data, the gold standard in Chinese domestic bond valuations. As the administrator of the indices, IHS Markit will apply its globally-recognized methodologies and maintain them in compliance with IOSCO and European Benchmark Regulation (BMR) standards.

'Partnering with CBPC allows us to develop bond market indices that are unique for their ability to draw on domestic China market data and expertise,' said Shane Akeroyd, president of IHS Markit Asia. 'Together, we are confident that we are offering the strongest benchmarks for the onshore Chinese bond market. Bringing our iBoxx methodologies and independence to China will help mutual funds, ETFs and international investors access this large and growing market.'

'These are the first globally-branded onshore Renminbi bond indices, combining iBoxx methodologies with CBPC bond pricing to deliver authoritative performance indicators for investors across the world,' said Bai Weiqun, Chief Supervisor of CCDC and Chairman of CBPC. 'As more international investors see opportunities in China, there is a growing need for new and reliable benchmarks, and we are delighted to provide fund managers with these valuable tools for accessing one of the world's fastest growing markets.'

The first set of indices, the iBoxx ChinaBond Government & Policy Banks Bond Indices, capture the performance of the government and government agency segment of the Chinese domestic bond market. Together, these issuers represent about one quarter of the Chinese bond market. 48 sub-indices by issuer type, issuer and maturity complement the headline index.

In recent years, the Chinese government introduced CIBM Direct and Bond Connect to make it easier for foreign investors to access its bond market. More than 300 offshore financial institutions have invested through the CIBM Direct program, and by the end of August 2018, offshore investors held 1.75 trillion RMB of Chinese bonds. Foreign demand is expected to grow over the next decade, as China continues to open its bond market.

IHS Markit is the leading provider of bond indices in the Asia Pacific region, with more than $6 billion in fixed income ETFs benchmarked to iBoxx indices in the region. In total, IHS Markit administers 3,392 indices covering 14 APAC markets.

About IHS Markit(www.ihsmarkit.com)

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world's leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

About ChinaBond Pricing Center Co., Ltd. (CBPC)

ChinaBond Pricing Data is provided by ChinaBond Pricing Center Co., Ltd., a subsidiary of China Central Depository and Clearing Co., Ltd. Since the preparation and release of the first China Government Bond yield curve in 1999, ChinaBond Pricing Data Products have developed into a pricing system comprising ChinaBond Yield Curves, ChinaBond Valuation, ChinaBond Index, ChinaBond VaR, ChinaBond Market Implied Rating and My Statistics, reflecting a comprehensive benchmark pricing and risk profile of RMB bond market.

ChinaBond Valuation boasts full coverage of more than 30,000 onshore bonds with a market value of about 65 trillion RMB, as well as coverage of more than 20,000 non-standard financial assets and preferred stocks.

ChinaBond Market Implied Rating covers more than 20,000 onshore RMB credit bonds. China's first green bond indices and the world's first climate-related bond index were released by CCDC. Now, more than 1,200 institutions are using ChinaBond Pricing Data Products, representing nearly 100% market share in China. ChinaBond Government Bond Yield Curves are published on the websites of People's Bank of China, the Ministry of Finance and the Asian Development Bank; particularly, the 3-Month Government Bond Yield Curve has been adopted by IMF in the SDR interest rate basket.

The ChinaBond Indices have become an important indicator for the onshore RMB bond market and the preferred instrument for bond investment tracking and performance evaluation.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved.


IHS Markit Ltd. published this content on 12 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 October 2018 00:17:01 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on IHS MARKIT
05/22IHS MARKIT : and Informa to Exchange Business Units
05/22IHS MARKIT : Alternative Data Provides Significant and Sustainable Investing Edg..
05/16IHS MARKIT : More Than 11.2 Million Vehicles Will Be Equipped with V2X Communica..
05/15IHS MARKIT : Announces Evli Is Live on thinkFolio
05/15IHS MARKIT : Eco-Nihilists Present Increased Risk of Indiscriminate Attacks, Say..
05/14IHS MARKIT : As Carriers Prep for a 5G Future, Atlanta is Home to Blazing-Fast D..
05/08IHS MARKIT : Awarded Top Economic Forecasting Accolades for Colombia, Malaysia
05/08IHS MARKIT : Launches Solution to Speed New Account Onboarding
05/07IHS MARKIT : Semiconductor Market Lurching into Worst-in-a-Decade Downturn in 20..
05/07IHS MARKIT : 320 Investment Firms Participating in Investor Access, says IHS Mar..
More news
Financials ($)
Sales 2019 4 448 M
EBIT 2019 1 047 M
Net income 2019 553 M
Debt 2019 4 955 M
Yield 2019 -
P/E ratio 2019 42,58
P/E ratio 2020 33,90
EV / Sales 2019 6,30x
EV / Sales 2020 5,84x
Capitalization 23 089 M
Duration : Period :
IHS Markit Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IHS MARKIT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 61,1 $
Spread / Average Target 5,7%
EPS Revisions
Lance Darrell Gordon Uggla Chairman & Chief Executive Officer
Todd S. Hyatt Chief Financial Officer & Executive Vice President
Randall P. Harvey Chief Technology Officer & Executive VP
Yaacov Mutnikas Chief Technology Officer & Chief Data Secientist
Deborah Doyle McWhinney Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
IHS MARKIT20.41%23 089
S&P GLOBAL INC26.12%52 684
RELX13.21%45 140
EXPERIAN22.41%26 946