--- title: "Hong Kong Exchanges and Clearing Limited (HKEX) listed its first government bond futures contract, with ChinaAMC (Hong Kong) completing multi-account hedging trades ahead of others." type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43150557.md" description: "On August 3, the five-year China Government Bond Futures officially listed on the Hong Kong Exchange (HKEX). At the market open (9:30 AM), ChinaAMC (Hong Kong) Limited (hereinafter referred to as "ChinaAMC (Hong Kong)") successfully executed the first HKEX five-year government bond futures contract trade using its selected RMB investment-grade income fund, with CITIC Futures International as the counterparty. Meanwhile, the company simultaneously implemented short hedging operations for its global investment-grade bond fund and selected Asian bond fund on the HKEX government bond futures..." datetime: "2026-08-03T09:00:52.000Z" locales: - [en](https://longbridge.com/en/topics/43150557.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43150557.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43150557.md) author: "[華夏基金香港](https://longbridge.com/en/profiles/26497709.md)" --- # Hong Kong Exchanges and Clearing Limited (HKEX) listed its first government bond futures contract, with ChinaAMC (Hong Kong) completing multi-account hedging trades ahead of others. **On August 3, the five-year China Government Bond futures officially listed on the Hong Kong Exchange (HKEX). At the market open on the same day (9:30 AM), China Asset Management (Hong Kong) Co., Ltd. (hereinafter referred to as "China AMC (Hong Kong)") successfully executed the first trade of the HKEX five-year government bond futures contract, relying on its selected RMB investment-grade income fund. The counterparty was CITIC Futures International.** **At the same time, the company simultaneously implemented short hedging operations for its global investment-grade bond fund and selected Asian bond fund using the HKEX government bond futures, becoming the first to achieve synchronized multi-account application of this new risk management tool, demonstrating the company's professional execution capabilities in cross-border derivatives practice.** This transaction marks another significant advancement for China AMC (Hong Kong) in the practical application of cross-border derivatives, following the completion of the first interest rate swap transaction for public funds under the "Swap Connect." This operation aims to proactively manage the interest rate risk of offshore RMB bond portfolios by conducting efficient hedging through standardized futures instruments, thereby mitigating the impact of market interest rate fluctuations on product net asset values and further enhancing the stability of portfolio returns. As the only exchange-traded interest rate derivative currently linked to onshore Chinese government bonds in the global offshore market, the launch of the HKEX five-year government bond futures further enriches the toolkit for RMB interest rate risk management for overseas institutions. Previously, the market already had mature over-the-counter risk management tools such as Swap Connect and offshore RMB interest rate swaps, combined with domestic futures hedging methods via the original QFII channel, providing diverse support for foreign capital allocation in RMB bonds. The landing of this new exchange-traded futures product complements existing tools well, adding a brand-new path for overseas institutions to finely and flexibly manage bond interest rate risks. **The multi-account, synchronized practical implementation on the first day of the new product's listing signifies that China AMC (Hong Kong) has become the first to apply the HKEX government bond futures tool, further consolidating the company's trading execution and practical operational capabilities in cross-border fixed-income investment and integrated risk management.** [$NASDAQ Composite Index(.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US?invite-code=HW6ACJ)[$S&P 500(.SPX.US)](https://longbridge.com/en/quote/.SPX.US?invite-code=HW6ACJ)[$Apple(AAPL.US)](https://longbridge.com/en/quote/AAPL.US?invite-code=HW6ACJ)[$Microsoft(MSFT.US)](https://longbridge.com/en/quote/MSFT.US?invite-code=HW6ACJ)[$NVIDIA(NVDA.US)](https://longbridge.com/en/quote/NVDA.US?invite-code=HW6ACJ)[$Amazon(AMZN.US)](https://longbridge.com/en/quote/AMZN.US?invite-code=HW6ACJ)[$Alphabet(GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US?invite-code=HW6ACJ)[$SK Hynix(SKHY.US)](https://longbridge.com/en/quote/SKHY.US?invite-code=HW6ACJ)[$Mitsubishi UFJ Financial(MUFG.US)](https://longbridge.com/en/quote/MUFG.US)[$Toyota Motor(TM.US)](https://longbridge.com/en/quote/TM.US)[$Tokyo Electron(TOELY.US)](https://longbridge.com/en/quote/TOELY.US)[$Sumitomo Mitsui Financial(SMFG.US)](https://longbridge.com/en/quote/SMFG.US)[$Hitachi(HTHIY.US)](https://longbridge.com/en/quote/HTHIY.US)[$Sony(SONY.US)](https://longbridge.com/en/quote/SONY.US)[$Mizuho Financial(MFG.US)](https://longbridge.com/en/quote/MFG.US)[$SoftBank(SFTBY.US)](https://longbridge.com/en/quote/SFTBY.US) **About China AMC (Hong Kong)** China AMC (Hong Kong) is a leading asset management company in the Hong Kong market. As an overseas subsidiary of China Asset Management Co., Ltd., we were established in Hong Kong in 2008 and are among the first batch of Chinese asset management companies to go global. Our parent company, China Asset Management Co., Ltd., is one of the largest fund companies in China. As of December 31, 2025, its total assets under management exceeded USD 464.5 billion \[1\]. Rooted in Hong Kong and looking globally, after 17 years of development, China AMC (Hong Kong) has accumulated excellent performance in both active and passive investment fields. The company possesses deep professional expertise in diversified assets, with business scope covering equities, fixed income, ETFs, leveraged and inverse products, digital assets, as well as dedicated account management and investment advisory services. With a global perspective, the company builds a comprehensive platform, committed to providing diversified products and services to individual and institutional investors in Hong Kong, Greater China, Asia-Pacific, and even Europe and America. Upholding a commitment to innovation and development in the financial sector, it strives to realize the vision of "More than just a China expert." \[1\] Source: China AMC (Hong Kong), Bloomberg, as of December 31, 2025. Source: Bloomberg, China AMC (Hong Kong), as of August 3, 2026. Investment involves risks, including the potential loss of principal. Any forecasts, outlooks, or opinions contained herein are for reference only and do not guarantee achievement. The information contained in this document reflects market conditions and our views as of the date of publication, subject to change without notice. The issuer of this material is China AMC (Hong Kong) Co., Ltd. This material has not been reviewed by the Securities and Futures Commission of Hong Kong. For full details and risks of the mentioned funds, please refer to our official website and fund sales documents. ### Related Stocks - [00388.HK](https://longbridge.com/en/quote/00388.HK.md) - [HKXCY.US](https://longbridge.com/en/quote/HKXCY.US.md) - [80388.HK](https://longbridge.com/en/quote/80388.HK.md)