Offshore CGB futures relaunch likely to be delayed till Q1 2024
Dealers say HKEX is deferring products while it seeks approval from mainland Chinese regulators
Dealers say the relaunch of the much-anticipated offshore Chinese government bond (CGB) futures at Hong Kong Exchanges and Clearing is likely to be delayed until Q1 2024, as the exchange waits for informal approval from regulators in mainland China.
Three sources say they expect the products, which were scheduled to be relaunched this month, to go live early next year, assuming the required approvals are granted.
Offshore investors have long been demanding access to the CGB futures to better
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