QFI首用国债作为商品期货保证金 我国期货市场对外开放再进一步

Core Viewpoint - The collaboration between Dalian Commodity Exchange (DCE) and Central 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][2]. Group 1 - The new business fills a gap for foreign investors in using government bonds as margin for commodity futures, providing valuable experience for future scaling [1][2]. - This initiative broadens the usage scenarios for RMB bonds for foreign investors, effectively reducing trading costs and promoting the integration of the bond and futures markets [1][2]. - The operational management head from the futures company emphasized that this initiative provides a new approach to serve foreign clients, with DCE and the Central Clearing Company playing a crucial role in ensuring smooth business operations [3]. Group 2 - The successful implementation of using government bonds as margin for commodity futures is a key measure in advancing the strategy of opening up the financial market, enhancing the international attractiveness and competitiveness of both the futures and bond markets [3]. - 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 [3].