HSBC participated in the initial trades of Hong Kong Exchanges and Clearing’s (HKEX) newly launched Five-Year China Government Bond (CGB) Futures, acting as a Liquidity Provider on its debut day.
The bank executed transactions for clients such as Bank of Communications (Hong Kong), Malayan Banking Berhad, and China CITIC Bank International.
As the sole offshore CGB futures product, the contract allows investors to hedge Renminbi-denominated bond exposure. It is cash-settled against a basket of onshore CGBs, removing delivery, custody, and settlement complexities for offshore holders.
Trading remains available on Hong Kong public holidays, with the exception of New Year’s Day.
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