Xinhua Barclays Capital China Aggregate Index (formerly known as Lehman China Bond Index, which was renamed after Barclay Bank PLC acquired the core businesses of Lehman Brothers in September 2008) unites Barclays Capital's international expertise with Xinhua Finance's exhaustive China databases and accurate pricing sources. The Index is a co-branded component of Barclays Capital's Global Family of Indices, which provides comprehensive performance and risk measurements for all major bond markets around the world.
Investors, consultants, plan sponsors, and issuers use this index because of its integrity and transparency, its unbiased, rules-based methodology for determining index constituency, and its timely and reliable data-delivery platform. By licensing this Index, clients receive current and historical index returns as well as statistics data for all of the indices and sub-indices in the benchmark database. The series, which consisted of 224 securities with a total market value of RMB 3.3 trillion as of February 2006, includes a Treasury Index, Government-Related Index, and Corporate Index, which are further categorized by sector (industrial, utility and financial). To qualify for index inclusion all constituents must be RMB-denominated fixed-rate instruments with at least one year to maturity.