Politics
Chinese Government Bond Futures Kick Off Trading in Hong Kong
Key Points
Chinese Government Bond Futures Kick Off Trading in Hong Kong Chinese government bond futures started trading in Hong Kong on Monday, marking authorities’ third attempt to use the hedging tool to further open up the country’s debt market. The September futures on five-year Chinese sovereign notes opened at 106.685 yuan per contract. Each contract’s size is 500,000 yuan ($74,058), settled in cash rather than via physical delivery of bonds.
Chinese Government Bond Futures Kick Off Trading in Hong Kong
Chinese government bond futures started trading in Hong Kong on Monday, marking authorities’ third attempt to use the hedging tool to further open up the country’s debt market.
The September futures on five-year Chinese sovereign notes opened at 106.685 yuan per contract. Each contract’s size is 500,000 yuan ($74,058), settled in cash rather than via physical delivery of bonds.