HKEX reaches data licensing agreement with ChinaBond Pricing Center to support CGB Futures launch

Hong Kong Exchanges and Clearing Limited (HKEX) announced that its subsidiary, Hong Kong Futures Exchange Limited (HKFE), has entered a data licensing agreement with ChinaBond Pricing Center Co., Ltd. (CBPC). The deal supports the upcoming launch of 5-Year China Government Bond (CGB) Futures in Hong Kong.

CBPC, a unit of China Central Depository & Clearing Co, will license bond valuation data and provide price calculation services for the new futures contract, which is targeted to launch on 3 August 2026.

HKEX Head of Markets, Gregory Yu, stated: "We are pleased to be working closely with CBPC on preparations for the launch of CGB Futures, marking a key milestone for HKEX as we continue to enrich our fixed-income product ecosystem and support the internationalisation of the RMB. This partnership will not only provide important data support for the new RMB interest rate risk management tool but also enhance the international visibility of China's bond valuation benchmarks, enabling greater global investor participation in China's bond market."

CBPC is a key pricing benchmark service provider in mainland China's fixed income market, with its data widely used by institutions for trading, risk management, and accounting.