[The derivatives clearing house of Hong Kong Exchanges and Clearing will accept Chinese government bonds, policy financial bonds and Ministry of Finance bonds as non-cash collateral from November] On September 25, Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Friday) that its wholly-owned subsidiary and exchange-traded derivatives clearing house Hong Kong Futures Clearing Limited (Futures Clearing Corporation) and the Stock Exchange of Hong Kong The Options Clearing House Limited (SEHK Options Clearing House) will accept Chinese government bonds and policy financial bonds (collectively referred to as Bond Connect Bonds) held through Bond Connect "Northbound" from November 2026, as well as overseas bonds issued by the Ministry of Finance of the People's Republic of China (MoF Bonds) as eligible non-cash collateral to fulfill margin requirements, subject to regulatory approval. Liu Biyin, Chief Operating Officer of Hong Kong Exchanges and Clearing Limited, said: Implementing this optimization will increase the use scenarios of Chinese government bonds in the Hong Kong market. By accepting the bonds as collateral and using them to meet the clearing house's margin requirements, HKEX will help provide market participants with more flexible collateral management options, improve capital efficiency, and promote the sustainable development of Hong Kong's fixed income and RMB ecosystem.