Market data provider Tullett Prebon Information (TPI) has launched a Chinese bond pricing service at a time when the market is becoming increasingly important internationally.
China is now the world’s fourth largest debt market, according to TPI, but accurate pricing information has been difficult to come by until now.
Pricing information will be available across government bonds, PBOC bills, corporate commercial paper, medium term notes and more.
Data is being sourced from TP Sitico, a joint venture between Tullett Prebon and Chinese government-owned Shanghai International Trust.
Frank Desmond, managing director of TPI, said: “The rapid growth of the Chinese bond market is driving demand for ever higher standards of transparency and independence. With a value outstanding of CNY22.6 trillion (US$3.77 trillion), it is now one of the largest bond markets in the world.
“Further growth is expected, particularly in relation to corporate bonds, and as the market evolves access will be enabled by niche, sophisticated data.”
TPI said growing international interest in the Chinese bond market has driven demand for more accurate price data, as has the growing sophistication of larger domestic investors.
The pricing data will be available directly from TPI or through third party data provider platforms.