Trading in China bond futures to resume next week

The Securities Times (via The South China Morning Post) reports that China will start trading government bond futures next week.

• Says trading is to begin on Friday (September 6)
• The five-year note is to be the underlying security
• The daily trading limit is set at 2 per cent on either side of the previous day’s settlement price

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Bond futures stopped trading in China 18 years ago (1995) following a probe into alleged market manipulation. This is a step along the road to financial market liberalization and deepening. Initial reports of resumption of trade started to circulate back on July 3.

More details at the link (above)