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China 2Q GDP, June Activity Data Paint Dim Demand Picture
HKEX's Chan Yee Ting: preparing to launch 10-year futures for government bonds, attracting more foreign investment in China's bond market.
Zhītōng Cáijīng APP learned that Charles Li, CEO of the Hong Kong Stock Exchange (000388), stated during his speech at the Bond Connect Anniversary Forum that the Hong Kong Stock Exchange is preparing to launch 10-year treasury bond futures. He believes that it can provide another tool for international investors to manage the interest rate risk of RMB-denominated assets, which will help attract more foreign investment in the Chinese bond market.
Chinese Bonds More Popular Than Ever With Foreign Investors as Bond Connect Turns 7
Understanding the Central Bank's Treasury Bond Borrowing Operation in One Article.
Analysis suggests that trade volume is key. Currently, the daily secondary turnover of national bonds is between 400-500 billion yuan. Therefore, if the central bank wants to influence interest rates by selling, the operation size cannot be too small. Even if it is less than 100 billion yuan, it still needs several hundred billion yuan. If it is within 10 billion yuan, the guidance effect is greater than the actual effect.
China to Start Ultralong Treasury Bond Sale on Friday
CITIC Securities: How to understand “focusing on long-term yield changes in the process of economic recovery”?
The first quarter goods administration meeting proposed a new “focus on long-term yield changes”, which attracted market attention.