China readies for resumption of treasury bond futures

Individuals and private funds are expected to lead the pack into China treasury bond futures, offered for the first time after an 18-year hiatus.
Headquarters of the CSRC
Headquarters of the CSRC

Non-institutional investors are readying for the resumption of trading in treasury bond futures in China after an 18-year hiatus sparked by a short-selling scandal.

The thinking is that qualified individuals and sunshine funds the prototype of hedge funds in China will be the first to take up the offer, with securities firms only re-entering the market once it has achieved sufficient depth and liquidity.

Late last week the China Securities Regulatory Commission CSRC announced that trading in government bond futures would be relaunched in some two months’ time indicating a start date of September.

And yesterday the China Financial Futures Exchange CFFEX published a...

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