TOKYO/SHANGHAI—Japan’s Government Pension Investment Fund (GPIF) will not invest in Chinese government bonds due to settlement and liquidity issues, even after they will be included in a major bond index next month, it said on Wednesday.
The world’s largest pension fund, with total assets of 193 trillion yen ($1.729 trillion), said it will stay out of yuan bonds after FTSE Russell’s World Government Bond Index (WGBI) starts to include Chinese bonds from October.
