Refinitiv has made moves to bolster its Eikon and Elektron platforms with the addition of data on Chinese trade and investment opportunities to meet client demand.
The firm said in a statement that it has added comprehensive data from the China Foreign Exchange Trade System (CFETS), the main FX and fixed income trading venue in China, for traders to gain understanding of pricing and liquidity.
Refinitiv has also added more than 300,000 economic data series on China, from both in-country and international sources, to its economic research database, known as Datastream, including sector level information, provincial, regional and national macro-economic data covering more than 600 cities.
“As China continues to internationalise, our global customers are demanding more and more reliable and unique insight into this market to help them trade, make predictions, unlock investment opportunities and navigate potential risks,” Stuart Brown, global head of emerging and frontier markets at Refinitiv, commented.
“Refinitiv is focused on helping to build and support a global, transparent financial market system. In a complex and fragmented global market, these major enhancements to our data on China’s financial markets and economy provide the increased transparency and market efficiency that our customers need.”
According to the CFETS, the China interbank market had a total trading volume of RMB 1,262.8 trillion, up 26.6% year on year, and including 1,037 trillion for the RMB market and 225 trillion for FX.
Global investment in Chinese debt and equities is also on the rise, with assets under management for the global mutual funds industry allocated to CNY bonds up from $12 billion in 2009, to $278 billion in 2019. Funds allocated to China equities has also increased from $144 billion to $189 billion over the same period, Refinitiv said.