HKEX derivatives clearing houses take China government and policy bank bonds as margin, cut fee to 0.15%
From 2 November, HKCC and SEOCH accept onshore China government and policy bank bonds held through Northbound Bond Connect, and offshore Ministry of Finance bonds. Both also cut the fee on non-cash collateral from 0.25% to 0.15% a year. The bonds count towards the existing 50% cap on non-cash margin, with concentration limits and haircuts of up to 14%.