Characteristics of China Bond Composite Index
The China Bond Composite Index developed by China Securities Depository and Clearing Corporation reflects the development pattern of China bond market, and it has more advantages than other bonds in sample selection and wealth index calculation. It covers a wide range of sample bonds, including dollar bonds, asset-backed bonds and bonds issued and listed on exchanges. There are still many floating bonds and fixed bonds that are not considered in the bond index, and even weighted bonds and unweighted bonds are included in the consideration of the China Bond Composite Index. From the perspective of bond repayment period, the China Bond Composite Index also includes a considerable number of bonds, including all bonds with short or long compensation period. The time series of various indicators of China Bond Composite Index is also much more complete than before.