JPMorgan Chase & Co. plans to add Chinese government debt to its widely followed indexes, marking the latest stamp of foreign approval for the country’s assets and one that is likely to draw yet more money from abroad.
The bank’s decision comes more than three years after it began reviewing Chinese bonds for inclusion, and follows a similar move by Bloomberg LP, which started adding the country’s debt to some of its benchmarks from April. Compilers of stock indexes, including MSCI Inc. and FTSE Russell, have also begun introducing Chinese shares to their gauges.
