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Hong Kong to Launch China Bond Futures to Promote Yuan

Hong Kong to Launch China Bond Futures to Promote Yuan
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Hong Kong to Launch China Bond Futures to Promote Yuan Hong Kong is set to launch China government bond futures amid Beijing’s efforts to promote global yuan usage and attract foreign capital. The Securities and Futures Commission is targeting the launch of five-year China government bond futures in Hong Kong on Aug. 3, it said in a statement. The Hong Kong Exchanges and Clearing has been making the necessary preparations for the launch, which requires the SFC’s approval, and will announce...

Hong Kong to Launch China Bond Futures to Promote Yuan Hong Kong is set to launch China government bond futures amid Beijing’s efforts to promote global yuan usage and attract foreign capital. The Securities and Futures Commission is targeting the launch of five-year China government bond futures in Hong Kong on Aug. 3, it said in a statement. The Hong Kong Exchanges and Clearing has been making the necessary preparations for the launch, which requires the SFC’s approval, and will announce the contract details separately.
Hong Kong (LOCATION) Launch China Bond Futures (ORG) Promote Yuan (ORG) China (LOCATION) Beijing (LOCATION) The Securities and Futures Commission (ORG) The Hong Kong Exchanges and Clearing (ORG) SFC (ORG)
Originally published by Bloomberg Markets Read original →