The iBoxx ChinaBond Policy Banks Bond Index is designed to measure the performance of CNY-denominated bonds issued by Chinese policy banks trading in the China Interbank Market. The index includes sub-sovereign bonds with a minimum amount outstanding of CNY 10 billion, an initial time to maturity of at least 18 months at issuance and remaining time to maturity of at least one year at rebalancing. Bonds exclusively traded on the Shanghai/Shenzhen Stock Exchange, Shanghai Free-trade Zone, OTC market, or settled/traded in Hong Kong, Macao or outside China are not eligible.