Speculation that China’s 56.3 trillion yuan ($8.2 trillion) bond market is about to go more global is spurring investment funds to hire in the nation. A central bank official said at the end of last year that China will create conditions for the inclusion of yuan debt in global indexes, according to Bloomberg. BlackRock has said inclusion could be announced in 2017, and that the firm has hired for credit research in the nation. Invesco says such a development may come in the next 12 months, and also aims to expand in the country. Adding Chinese notes to global indexes including those from Bloomberg Barclays, JPMorgan Chase and Citigroup would bring cash into the nation from yield-hungry investors from New York to Tokyo. Managers of that wealth will need to navigate rising defaults and local ratings that many have questioned.