China publishes draft rules for 30-year treasury futures trading

March 17, 2023 05:35 PM HKT | By Reuters

(Adds more details)

SHANGHAI, March 17 (Reuters) - China plans to offer new risk-management instruments for bond traders, publishing on Friday draft rules for trading 30-year treasury futures.

The China Financial Futures Exchange (CFFEX) has already launched futures contracts for two-year, five-year and 10-year Chinese government bonds.

The planned 30-year treasury futures would provide additional tools to help traders hedge interest rate risks, and improve China's bond yield curve.

The CFFEX said it would solicit public opinions for the draft rules until March 23, so that the new product would better satisfy market participants' needs. (Reporting by Samuel Shen and Brenda Goh; Editing by Toby Chopra and Angus MacSwan)

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