Hong Kong Exchanges and Clearing Limited (HKEX) said on Thursday it will launch China Government Bond Futures on 3 August 2026 in Hong Kong, subject to regulatory approval.
The contract expands HKEX’s fixed income and currency derivatives franchise and gives offshore market participants another tool to manage onshore China rates exposure.
HKEX CEO Bonnie Y Chan first publicly committed to a Hong Kong launch of China Treasury Bond Futures in a March 2025 blog post. The Hong Kong Monetary Authority followed in July 2025, confirming that offshore bond futures were “under preparation” as part of the Bond Connect roadmap.
The product sits alongside Bond Connect and Swap Connect, the existing channels through which international investors access China’s interbank bond market via Hong Kong. Since 2025, offshore investors have been allowed to use China Government Bonds and Policy Bank Bonds held through Bond Connect as collateral for Northbound Swap Connect.
HKEX has previously described its 5-Year China Ministry of Finance Treasury Bond futures as the first onshore interest rates product accessible to offshore market participants.
