Hong Kong Exchanges and Clearing (HKG:0388) or HKEX's wholly owned subsidiary, Hong Kong Futures Exchange, entered into a data licensing agreement with ChinaBond Pricing Center, a wholly owned subsidiary of China Central Depository & Clearing, to support the launch of five-year China government bond futures, according to a Friday press release.
Under the agreement, ChinaBond Pricing Center will provide bond valuation data and price calculation services for the futures contract, which is targeted to launch on Aug. 3.
ChinaBond Pricing Center is a major provider of bond pricing benchmarks in mainland China's fixed-income market, with its valuation data widely used for trading, risk management, and accounting.