QFI首次使用国债作为商品期货保证金

Core Viewpoint - The collaboration between the Dalian Commodity Exchange (DCE) and the Central Government Securities Depository and Clearing Co., Ltd. marks the first instance of qualified foreign institutional investors (QFII and RQFII) using government bonds as margin for commodity futures trading, indicating a significant step in the high-quality opening of China's financial infrastructure to foreign capital markets [1]. Group 1 - The new business practice fills a gap for foreign investors in using government bonds as margin for commodity futures, providing valuable experience for future scaling of this service [1]. - This initiative broadens the usage scenarios for RMB-denominated bonds for foreign investors, effectively reducing trading costs and promoting the integration of the bond and futures markets [1]. - The successful implementation of this business is a key measure to enhance the international attractiveness and competitiveness of the futures and bond markets in China [1]. Group 2 - The DCE and the Central Clearing Company plan to further enhance their international service levels, focusing on the core needs of foreign investors, and continue to promote institutional innovation and service upgrades [1].