Page 64 - 期货和衍生品行业监管动态（2023年11月刊）

期货和衍生品行业监管动态

SFC 行政总裁梁凤仪女士表示：“继推出互换通（注 1）和 MSCI 中国 A50

互联互通指数期货合约（注 2）后，中国国债期货合约的上市，为海外投资者增

加了对冲内地资产风险的工具。这是将香港打造成为领先风险管理中心的一个重

要里程碑，尤其是对于用作对冲以内地资产为基础的股票和固定收益产品而言。”

SFC 和中国证券监督管理委员会此前已就跨境衍生品建立了紧密的监管合

作安排，包括共享监管信息和提供执法协助。这些安排将有助于维护市场廉洁，

并有利于更好地评估和促进中国国债期货合约的长远发展。

注：

1. “北向互换通”于 2023 年 5 月启动。

2. MSCI 中国 A50 互联互通指数期货合约于 2021 年 10 月启动。

Hong Kong to Launch China Treasury Bond Futures (2023/11/24)

The Securities and Futures Commission (SFC) announced today that China
treasury bond futures contracts will be launched in Hong Kong. Hong Kong Exchanges

and Clearing Limited (HKEX) is making preparations for the launch, including

proposing amendments to relevant rules. HKEX will announce the details and the

launch date as soon as practicable.

The amount of China treasury bonds held by offshore investors has increased

steadily since the launch of Bond Connect in 2017. The demand for related hedging

tools has also been on the rise. The Mainland Government and regulators strongly

support the launch of China treasury bond futures in Hong Kong. This important risk

management tool can facilitate further participation by offshore institutional investors

in the Mainland treasury bond market and promote its healthy development.

“On top of Swap Connect (Note 1) and MSCI China A50 Connect Index Futures

contract (Note 2), the launch of China treasury bond futures will further expand the

toolkit for overseas investors to hedge their exposure to Mainland assets,” said Ms Julia

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