The People's Bank of China and the China Securities Regulatory Commission have expressed their support for Hong Kong's recent launch of a 5-year RMB Treasury bond futures product.

This initiative is seen as beneficial for further enriching the risk management tools available to international investors, enhancing the appeal of renminbi-denominated assets, consolidating and elevating Hong Kong's status as an offshore renminbi hub, and boosting the willingness and confidence of long-term, allocation-focused investors to invest in China.

Moving forward, the People's Bank of China and the China Securities Regulatory Commission will adhere to the guiding principles of preventing risks, strengthening regulation, and promoting high-quality development.

In collaboration with Hong Kong authorities, they will enhance market monitoring and analysis, share data and information, and strengthen cross-border regulatory cooperation, with the shared goal of maintaining stable and orderly operations across both markets.