陈茂波：香港将在港推出国债期货 将房托基金纳入互联互通 将人民币交易柜台纳入港股通

Core Viewpoint - The Hong Kong Financial Secretary, Paul Chan, announced initiatives in the 2026-27 fiscal budget to enhance connectivity with the mainland, including the introduction of government bond futures and the inclusion of Real Estate Investment Trusts (REITs) in the mutual market access programs [1][2] Group 1: Initiatives for Connectivity - Hong Kong will actively collaborate with the mainland to expedite the launch of government bond futures [1] - The inclusion of REITs in mutual market access is planned to enhance investment opportunities [1] - The establishment of a Renminbi trading counter under the Stock Connect program is being explored [1] Group 2: Renminbi Business Enhancements - The total quota for Renminbi business arrangements has doubled to 200 billion Renminbi, facilitating broader use of Renminbi in trade and cross-border transactions [2] - Efforts are being made to enable more convenient foreign exchange quotations and transactions for Renminbi with other regional currencies, thereby reducing transaction costs [2] - Regular issuance of Renminbi bonds with varying maturities is planned to enrich the offshore Renminbi market and improve the yield curve [2] Group 3: Market Development Strategies - Collaboration with the industry to expand the offshore Renminbi interest rate curve is underway, focusing on enhancing the price discovery function for short to medium-term rates [2] - There is a push to attract high-quality issuers to increase the issuance of Renminbi bonds in Hong Kong, aiming to tap into emerging markets and promote more cross-border Renminbi transactions [2]