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Standard Chartered Bank (China) Limited (“Standard Chartered China”) announced today that with permission by relevant regulatory authorities, the Bank has completed its first treasury bond futures transaction through accounts opened at a futures company. Standard Chartered China thus became the first foreign bank to participate in the trading of treasury bond futures in China.

Since the Northbound Bond Connect was launched, the internationalisation of China's bond market has increased remarkably, and the proportion of Chinese bonds held by foreign investors has also increased significantly. As an important interest rate risk management tool, the opening-up of China’s treasury bond futures market will further improve the benchmark interest rate curve of treasury bonds, enable domestic and foreign investors to better participate in the domestic bond market, as well as promote the continuous opening of China's bond market and the internationalisation of RMB.

Benjamin Hung, Chief Executive Officer, Asia, Standard Chartered, commented: “As a key growth driver of the global economy, China will provide continuous and vast investment opportunities for global investors. With increasingly smoother channels for foreign investment into China and more comprehensive risk management tools available for global investors, we believe that the depth and breadth of global investors' participation in China's capital market will continue to increase. Global investors will benefit from the increasingly open Chinese market through diversified allocation of Chinese assets. Standard Chartered will continue playing the role to connect China and overseas markets, and to contribute to the opening and high-standard development of 

China's capital market.”

Jerry Zhang, Executive Vice Chairman and Chief Executive Officer, Standard Chartered China, Cluster Chief Executive Officer (China & Japan), commented: “China's unwavering efforts towards expanding its opening-up, especially the continuous opening-up of the financial markets at a high standard, provides tremendous opportunities for Standard Chartered in both the domestic and international markets. Standard Chartered China is honoured to be the first foreign bank permitted to participate in treasury bond futures trading in China. We will continue to support global investors who are keen to participate in China's capital market, and further enhance its price discovery function and ability to serve the real economy.”

Standard Chartered China is one of the international banks with the most complete licenses and the widest business coverage in the mainland market. In February 2022, Standard Chartered Group announced that it will invest US$300 million in China-related businesses over the next three years to help Standard Chartered customers seize the development opportunities brought by China's continued opening-up and double the relevant profit contribution by the end of 2024.

（Source: official website of Standard Chartered China）