11.24.2023

HKEX to Launch China Treasury Bond Futures

11.24.2023
Renminbi to Become Top Five Currency by 2020

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce its plans to launch China Treasury Bond Futures (Treasury Bond Futures) in Hong Kong, subject to regulatory approval.

HKEX Chief Executive Officer, Nicolas Aguzin, said: “The launch of Treasury Bond Futures is an exciting new milestone that adds to HKEX’s expanding suite of China-related risk management tools, as well as our overall FIC offering, providing investors with even greater choice and opportunity. These unique new T-bond futures will help drive market liquidity and support the further development of Hong Kong’s RMB ecosystem, cementing the city’s role as the world’s leading offshore RMB hub. We look forward to working closely with the Securities and Futures Commission and all our partners to ensure the successful rollout of this exciting new risk management tool, as we connect China and the world.”

The introduction of Treasury Bond Futures, part of HKEX’s RMB and China-product ecosystem that includes MSCI China A50 Connect Index Futures and Swap Connect, will help regional and global investors interested in accessing China to more effectively manage their interest rate and investment risks. This will support greater international participation in China’s equities and fixed-income markets and further broaden investment and risk management opportunities in Hong Kong’s markets.

The launch of Bond Connect in 2017, part of HKEX’s unique mutual market access programme with Mainland China, was an important development in driving international participation in China’s bond market, whilst Swap Connect, which launched in May this year, allows international investors to tap the onshore RMB interest rate swap market. International investors’ onshore bond holdings in Mainland China have grown steadily from RMB0.8 trillion in June 2017 to RMB3.33 trillion in June 2023.

HKEX is now undertaking relevant preparations ahead of the launch of Treasury Bond Futures. Implementation details and the official launch date will be announced in due course.

Source: HKEX

🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150

Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.

As the digital assets industry pushes toward

Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:

$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.

Load More

Related articles

  1. More than $50m in notional was traded over the inaugural weekend.

  2. CBOE Expands Index Options, Volatility Suite

    The firm is launching a suite of equity index futures based on Bloomberg equity indices.

  3. The regulator said it will review perpetual contracts on a case-by-case basis.

  4. American Innovation Exchange will be the first U.S. derivatives market purpose-built for the AI economy.

  5. Clock Synchronization: A Matter of Timing

    Eligible options must meet minimum options volume, underlying equity market cap & liquidity thresholds.