Recently, the Dalian Commodity Exchange (DCE) and China Central Depository & Clearing Co., Ltd. (CCDC) jointly supported two Qualified Foreign Investors (QFII and RQFII) in using government bonds as margin for commodity futures trading. This marks the first time overseas investors have utilized government bonds as futures trading margin in China's commodity futures market, signaling a new milestone in the domestic financial infrastructure's support for high-quality capital market opening.

A DCE business executive stated, "This initiative not only fills the gap for overseas investors using government bonds as commodity futures margin but also provides valuable experience in serving foreign investors, laying a solid foundation for scaling up the business in the future."

A CCDC representative highlighted, "This development expands the application scenarios of RMB-denominated bonds for overseas investors, effectively reducing their trading costs while promoting integrated development between the bond and futures markets. It is a significant step in advancing financial market opening."

The operations head of the futures company serving the overseas clients noted, "This business offers us a new tool to serve foreign clients. During the process, DCE and CCDC played pivotal roles as platform hubs and professional supporters, ensuring smooth operations with robust mechanisms. Moving forward, we will leverage our professional team to enhance service efficiency and help overseas clients better integrate into China's capital market."

The successful implementation of QFI using government bonds as commodity futures margin reflects DCE and CCDC's commitment to financial market opening strategies, enhancing the global appeal and competitiveness of China's futures and bond markets. The next step involves further improving international service standards, focusing on core needs of overseas investors, and driving institutional innovation and service upgrades to contribute to higher-level financial market opening.