China readies for resumption of treasury bond futures

Non-institutional investors are readying for the resumption of trading in treasury bond futures in China after an 18-year hiatus sparked by a short-selling scandal. The thinking is that qualified individuals and sunshine funds – the prototype of hedge funds in China – will be the first to take up the offer, with securities firms only re-entering the market once it has achieved sufficient depth and liquidity. Late last week the China Securities Regulatory Commission (CSRC) announ…