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Market Chatter: China to Support Hong Kong's Launch of Five-Year RMB-Denominated Treasury Bond Futures

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China will boost its support for Hong Kong's launch of five-year renminbi-denominated treasury bond futures, the South China Morning Post reported Wednesday, citing China Securities Regulatory Commission Chairman Wu Qing.

Wu made the remarks during the annual Lujiazui financial forum in Shanghai.

The chairman did not mention any timeline for the city to launch the bonds, but the development could signal that the financial derivative product could materialize soon in Hong Kong after regulatory discussions, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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