Refinitiv has significantly enhanced its data on China to meet demand from the global financial community for increased insight into Chinese trade and investment opportunities.
As part of this move, Refinitiv has added comprehensive data from the China Foreign Exchange Trade System (CFETS), the main FX and fixed income venue for China, to its data platforms Elektron and Eikon. This data enables traders and investors to understand pricing and liquidity, manage risks and mark to market. In 2018, the China interbank market had a total trading volume of 1,262.8 trillion yuan, up 26.6% year on year, including 1,037 trillion yuan for the RMB market and 225 trillion yuan for FX.
In addition, Refinitiv has also added over 300,000 new economic data series on China, sourced from both in-country and international sources, to its financial and economic research database Datastream. The new data includes detailed sector level information as well as provincial, regional and national macro-economic data covering over 600 cities with over 200 indicators.
“As China continues to internationalize, 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,” comments Stuart Brown, global head of Emerging and Frontier Markets at Refinitiv. “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.”
The additions build on Refinitiv’s existing China insight, including a China Price Discovery app which helps traders and investors navigate price information across asset classes and its BRI Connect app, which is part of a suite of tools enabling the global investment community to identify investment opportunities around the Belt & Road Initiative (BRI) via a database monitoring over 2,600 projects.
Assets under management for the global mutual funds industry allocated to CNY Bonds have grown from US$12 billion in December 2009 to US$278 billion in April 2019; over the same period funds allocated to China equities have grown from US$144 billion to US$189 billion.