Standard Chartered completes first QFI China gov’t bond futures trade

It is the only foreign bank amongst the initial six banks allowed to participate in CGB futures.

Standard Chartered Bank (China) Limited has successfully completed an inaugural Qualified Foreign Investor (QFI) investment in China Government Bond (CBG) Futures.

This follows after the China Securities Regulatory Commission (CSRC) together with the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) officially permitted QFIs to trade CGB futures for hedging purposes on 24 April 2026.

Standard Chartered China acted in dual capacities as both the QFI’s custodian and futures margin depository bank, supporting the end-to-end execution of the trade, according to a statement on 28 May.

Standard Chartered is the only foreign bank among the initial cohort of six banks approved to participate in CGB futures, said Jerry Zhang, global head of banks and broker dealers & head of coverage for Greater China & North Asia in the bank.

“This development of opening it to QFI represents a further step in the continued opening of China’s capital markets and responds to strong demand from global institutional investors for enhanced risk management and portfolio diversification tools,” Zhang said.