In case you needed reminding, both China’s equity and fixed-income markets are the world’s second-largest after the US. Outstanding government, quasi government and corporate bond issuance exceeded $27.4bn (€22.9bn) as of last August, according to the International Capital Markets Association. The equity market hit an all-time high of $10trn in market capitalisation terms last October, as calculated by Bloomberg. The weighting of China in international equity indices is also now notable, and index inclusion has resulted in strong inflows to Chinese capital markets over recent years. Bond index inclusion is ongoing – with Bloomberg Barclays having completed its 20-month integration process and FTSE Russell starting its three-year process later this year.