On August 3, the Hong Kong Stock Exchange officially launched the world's first offshore Chinese treasury bond futures product, 5-year Chinese treasury bond futures. The first batch of monthly contracts listed in September and December began trading simultaneously. This is the first Chinese treasury bond futures product in the global offshore market. The entire process is denominated, traded and settled in RMB, while supporting Hong Kong public holiday trading. Prior to that, when overseas investors held RMB bond assets, they lacked convenient offshore hedging tools. They mainly relied on channels such as CICC's onshore treasury bond futures or swaps to manage interest rate risks, but both had limitations where entry thresholds were high or operations were not convenient enough. In the first year of product launch, the Hong Kong Stock Exchange will halve the transaction fee for all market participants. The standard handling fee for a single contract is RMB 5, which will be reduced to RMB 2.5 during the promotion period. The nominal principal amount for each contract is RMB 500,000, the margin ratio charged by the Hong Kong Stock Exchange to the broker is 1.2%, and the deposit for a single contract is approximately RMB 6,000. The actual deposit for the terminal investor is set independently by each brokerage firm.

On August 3, the Hong Kong Stock Exchange officially launched the world's first offshore Chinese treasury bond futures product, 5-year Chinese treasury bond futures. The first batch of monthly contracts listed in September and December began trading simultaneously. This is the first Chinese treasury bond futures product in the global offshore market. The entire process is denominated, traded and settled in RMB, while supporting Hong Kong public holiday trading. Prior to that, when overseas investors held RMB bond assets, they lacked convenient offshore hedging tools. They mainly relied on channels such as CICC's onshore treasury bond futures or swaps to manage interest rate risks, but both had limitations where entry thresholds were high or operations were not convenient enough. In the first year of product launch, the Hong Kong Stock Exchange will halve the transaction fee for all market participants. The standard handling fee for a single contract is RMB 5, which will be reduced to RMB 2.5 during the promotion period. The nominal principal amount for each contract is RMB 500,000, the margin ratio charged by the Hong Kong Stock Exchange to the broker is 1.2%, and the deposit for a single contract is approximately RMB 6,000. The actual deposit for the terminal investor is set independently by each brokerage firm.