Investors eager for Hong Kong’s Chinese bond futures, HKEX says
With Chinese government bond futures set for Monday trading debut, exchange reports ‘very positive response’ from ‘wide range’ of investors.
Source excerpt
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 Clearing (HKEX) has set a low minimum margin ratio so that investors only need to invest 7,980 yuan to trade one contract.
“We have contacted a wide range of international institutional investors in recent months to introduce the 5-year China government bond futures, and have received a very positive response from them,” said Kevin Fan, HKEX’s head of fixed income and currency product development, in a media briefing on Thursday.
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