STOCKS | Hong Kong Plans to Launch 5-Year China Government Bond Futures on Aug. 3

Hong Kong plans to launch a five-year China government bond futures contract for trading on Hong Kong Exchanges and Clearing (0388) on August 3. According to Ming Pao, the Securities and Futures Commission said it selected the five-year China government bond as the underlying asset after assessing market demand and the macro environment, and HKEX must make necessary preparations for the SFC-approved launch and will announce contract details separately. SFC Chairman Tim Lui said the launch is a major step in advancing financial market connectivity with mainland China, supporting renminbi internationalization, and developing Hong Kong into a global fixed-income and currency market center.