China will allow qualified insurers and banks to participate in treasury bond futures trading on the China Financial Futures Exchange.
The move aims to promote the healthy development of the treasury bond futures market, said the announcement jointly released by the CBIRC, the CSRC, the Ministry of Finance, and the People’s Bank of China, reported Xinhua News Agency.
The participation would meet the risk management needs of insurers and banks, diversifying investment product types and improving bond asset management levels, said the announcement.
Meanwhile, it also helps to enrich market investor structure and promote the stable and orderly development of the treasury bond futures market, according to the China Securities Regulatory Commission.
The first batch of pilot institutions would include the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the China Construction Bank and the Bank of Communications.