Hong Kong listed offshore China government bond futures on the 3rd. The offshore five-year contract, the only China government bond futures contract listed outside mainland China, began trading on the Hong Kong exchange, with trading and settlement conducted in renminbi. Wu Qing, chairman of the China Securities Regulatory Commission, said global investors currently hold 3.2 trillion yuan worth of Chinese bonds, and the need for interest rate risk management is growing. He added that the new government bond futures contract will strengthen Hong Kong's status as an offshore renminbi hub and help overseas investors hold Chinese bonds with greater confidence. The September offshore five-year China government bond futures were trading around midday at 107.660, up 1.1 percent, with a contract unit of 500,000 yuan and cash settlement.