The regulatory authorities of Hong Kong and the mainland are studying the launch of offshore government bond futures to provide important supporting facilities for "North Tongtong".
According to the Hong Kong News Agency, Yu Weiwen, president of the Hong Kong Financial Administration, said on Tuesday (July 4) in the Bond Anniversary Forum that about 40 % of the current investment in bonds "Northbound" is concentrated in five transactions.Bonds of the year or above lack effective ways to hedge the risk of related interest rates, and have a great demand for national bond futures.
Yu Weifeen said that since the launch of the "Bond Connect", it has achieved very good results, and has become the main channel for Chinese and foreign investors to allocate bond assets of bond assets, which has greatly enhanced the position of RMB assets in the global market and has effectively promoted to promote it.The mainland bond market is open at high levels.
"Northbound Swap" was successfully opened in May this year.Yu Weiwen said that the next goal is to study and launch more common activity stocks in the bond market and provide liquidity arrangements, such as repurchase, so that investors can more effectively use the holding bonds for liquidity management to promote market vitality and healthdevelop.
"The market is generally optimistic about the future development potential of 'south direction', and has a strong interest in participating in the business of the southbound Tongzhong City.Provide investors with more diversified choices and increase the attractiveness of the Hong Kong bond market, "he said.
