China’s Weight in FTSE World Government Bond Index Rises to 11.9%

China's climb to the second-largest weight in the WGBI is a structural milestone for global fixed-income benchmarks, not just a headline number: index-tracking funds now carry meaningful passive exposure to Chinese government debt by design. The gap between the index's current market value and the level at completion of inclusion reflects how much the asset class has grown since. For global bond allocators, the practical question is whether this weight translates into deeper secondary-market liquidity and more stable foreign participation, or remains a benchmark-driven holding. Whether China's share keeps rising, and how index providers treat it, is the open question.