Hong Kong Exchanges & Clearing said its on-exchange derivatives clearing houses,
Hong Kong Futures Clearing Company Ltd and HKEX Options Clearing Ltd, will
accept Chinese government bonds and policy bank bonds held via Bond Connect
Northbound, and Ministry of Finance offshore bonds, as eligible non-cash
collateral for margin from November 2026, subject to regulatory approval. HKEX
said the change will expand use cases for Chinese bonds in Hong Kong, give
market participants more flexible collateral management, improve capital
efficiency and support the development of the Hong Kong fixed-income and RMB
ecosystem.