The China Securities Regulatory Commission issued an announcement, in coordination with the People’s Bank of China and the State Administration of Foreign Exchange, permitting Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors to participate in government bond futures trading from 24 April 2026, with trading restricted to hedging. The change expands the investable range available to eligible overseas institutions and adds a tool to manage interest rate risk. The commission also linked the measure to supporting the attractiveness of RMB bond assets and promoting the development of the bond spot and futures markets. The regulator indicated it will introduce further futures market reform and development measures to advance institutional opening of the capital market.
China Securities Regulatory Commission 2026-04-24
China Securities Regulatory Commission allows qualified foreign institutional investors to trade government bond futures for hedging from 24 April 2026
The China Securities Regulatory Commission, together with the People’s Bank of China and the State Administration of Foreign Exchange, will permit Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors to trade government bond futures from 24 April 2026, limited to hedging. The measure broadens the investable range for overseas institutions, provides an additional interest rate risk management tool, and is intended to enhance the attractiveness of RMB bond assets and support development of the bond spot and futures markets.