Hong Kong Exchanges and Clearing Limited (HKEX) announced that its derivatives clearing houses will accept Chinese government bonds, policy financial bonds held via Bond Connect Northbound, and Ministry of Finance offshore bonds as eligible non-cash collateral for margin requirements starting November 2026, pending regulatory approval. The move aims to expand the use cases for Chinese sovereign debt in Hong Kong markets while providing participants with more flexible collateral management options. HKEX stated the initiative will enhance capital efficiency and support the continued development of Hong Kong's fixed income and RMB ecosystem.