Hong Kong Securities and Futures Commission Chairman Kelvin Wong outlined priorities for developing the market around Hong Kong’s newly launched five-year China government bond futures. The product is the only China government bond futures contract listed in an offshore market, providing global investors with a tool to hedge onshore interest rate risk while supporting bond market liquidity, price discovery and two-way capital flows. Wong called on investors and asset managers to use the futures alongside mechanisms such as Swap Connect, and urged brokers and futures dealers to strengthen investor education and risk awareness. Industry bodies and research institutions should build professional expertise, while regulators, exchanges and clearing houses should continue improving market arrangements and infrastructure to support additional government bond futures products. The SFC will continue working with stakeholders to deepen Hong Kong’s fixed-income, currency and offshore renminbi markets.
Hong Kong Securities & Futures Commission2026-08-03
Hong Kong Securities and Futures Commission outlines market priorities at launch of offshore five-year China government bond futures
Hong Kong Securities and Futures Commission Chairman Kelvin Wong outlined market priorities at the launch of Hong Kong’s five-year China government bond futures, the only such futures listed offshore. He called for effective use of the product for interest rate risk management, stronger investor education and further infrastructure development to support additional contracts.