Global institutional investors eager to trade Chinese bond futures in Hong Kong, HKEX says
International asset managers, pension funds and insurance companies have shown strong interest in offshore China government bond futures, which are set to start trading in Hong Kong for the first time on Monday, according to senior stock exchange executives. The new 5-year China government bond futures contracts will have a size of 500,000 yuan (US$74,051). Bourse operator Hong Kong Exchanges and…
Global institutional investors, including asset managers, pension funds, and insurance companies, are showing strong interest in trading Chinese government bond futures in Hong Kong, with the contracts set to begin trading on Monday, according to Hong Kong Exchanges and Clearing (HKEX). The 5-year China government bond futures contracts will have a size of 500,000 yuan and a low minimum margin ratio, allowing investors to only invest 7,980 yuan to trade one contract.
Hong Kong Exchanges and Clearing's head of fixed income and currency product development, Kevin Fan, stated that many international institutional investors have responded positively to the new product, which will enable them to manage risks in their Chinese treasury-bond investments at a low cost.
Brief written by urgent.news from SCMP Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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