What can China government bond futures bring to Hong Kong?

中国政府债券期货能为香港带来什么?

World Today

2026-08-04

53 分钟
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①Hong Kong Stock Exchange has launched five-year China government bond futures contracts, which serve as the only such contracts available in the offshore market. In what ways will they help bolster fixed income and currency markets in Hong Kong? (00:54) ②25 US states have sued the Trump administration over its latest tariffs. Is Trump administration playing a legal "cat-and-mouse" game regarding tariffs? (12:57) ③Why have the US and Japan taken the rare step of joining forces to support the Japanese yen? (24:46) ④India has eased some trade and investment restrictions on China. What could these policy changes mean for trade and investment between China and India? (35:46) ⑤Myanmar says former State Counsellor Aung San Suu Kyi has met with the representative of the International Committee of the Red Cross to the country. Is Myanmar returning to normalcy? (41:26)
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  • Hello and welcome to World Today, I'm Ding Hen in Beijing.

  • Coming up, Hong Kong market launches the first offshore China government-bound futures contract.

  • 25 American states are suing over President Donald Trump's new tariffs.

  • U.S.

  • And Japan intervened to boost the yen for the first time since 1998. And Myanmar's

  • former leader Aung San Suu Kyi has a meeting with the International Red Cross.

  • To listen to this episode again or to catch upon our previous episodes,

  • you can download our podcast by searching World Today.

  • First up, Hong Kong Stock Exchange has launched five-year China government-bound futures contracts.

  • The move is part of a broader effort to bolster fixed income and currencies markets in Hong Kong.

  • The new contracts have a size of 500,000 yuan or more than 74,000 US dollars.

  • They are serving as the only China government-bound futures contract available in the offshore market.

  • They are set to enhance collaboration and connectivity between the Chinese mainland and Hong Kong financial markets.

  • So for more, joining us now on the line is Dr. Zhou Mi,

  • Senior Research Fellow with the Chinese Academy of International Trade and Economic Cooperation.

  • Thank you very much for joining us, Dr. Zhou Mi.

  • Thanks for having me.

  • So first of all, according to Hong Kong Stock Exchange,

  • global institutional investors are very eager to trade offshore China government-bound futures.

  • What do you think is really driving this eager sentiment?