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The measure is intended to develop tools for managing interest rate risks for foreign institutional investors and to enhance the appeal of yuan-denominated bonds.
By the end of March, foreign investors had held Chinese government bonds worth a minimum of 1.95 trillion yuan, which is approximately $285 billion, since December 2020.
Futures contracts for government bonds with maturities of two, five, ten, and thirty years are traded in China. In 2025, the turnover of this market reached 96.96 trillion yuan, which is higher than the 67.37 trillion yuan recorded in the previous year and significantly above the 6.01 trillion yuan seen in 2015.
In 2023, for the first time, the Chinese authorities permitted a division of a foreign bank, represented by Standard Chartered China, to enter this market.
source: bloomberg.com
By the end of March, foreign investors had held Chinese government bonds worth a minimum of 1.95 trillion yuan, which is approximately $285 billion, since December 2020.
Futures contracts for government bonds with maturities of two, five, ten, and thirty years are traded in China. In 2025, the turnover of this market reached 96.96 trillion yuan, which is higher than the 67.37 trillion yuan recorded in the previous year and significantly above the 6.01 trillion yuan seen in 2015.
In 2023, for the first time, the Chinese authorities permitted a division of a foreign bank, represented by Standard Chartered China, to enter this market.
source: bloomberg.com