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%.
The SFC has approved secondary trading of two ChinaAMC tokenised money market funds on PantherTrade, a licensed virtual asset trading platform. Prices are set by buyers, sellers and market makers rather than at NAV, with an indicative NAV published at least every 15 seconds and trades settling generally within an hour.
The SFC has approved the rule change. From Monday 2 November, the Hong Kong stock exchange will reject orders priced five times or more away from the nominal price, except in structured products, which keep the nine-times limit.
From 3 August the tick on Hong Kong-listed shares priced above HK$0.50 and up to HK$10 is HK$0.005, completing a two-step cut in minimum spreads that began in August 2025.
