In the News: Treasury Bond Futures Opening-Up; Crypto Investment; and More Flexible Pay Options for Hong Kong-Based Arbitrators

January 11, 2023 | BY

Hugo Yeung &Brian Chan

China opens treasury bond futures to foreign bank; no protection for crypto investment; and ORFS bring Hong Kong in line with other major arbitration centers

Standard Chartered bank sign in Beijing. Credit: Kien Fan Cesar Hung Sam/Adobe Stock

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First Foreign Bank to Trade Treasury Bond Futures

On January 4, Standard Chartered Bank (China) announced it had become the first foreign bank to complete a treasury bond futures transaction in China.

Back in February 2020, the China Securities Regulatory Commission (CSRC) and three other departments announced that qualified commercial banks may participate in the pilot trading of treasury bond futures for the purpose of risk management. China's five major state-owned banks were quickly admitted to the treasury bond futures market but foreign institutional investors remained excluded.

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