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T-bond futures to resume after 18-year suspension

Trading in Treasury bond futures may resume after an 18-year suspension to speed up the liberalization of interest rates, the Shanghai Securities Journal reported on Wednesday. The State Council has approved a plan for the resumption although a specific date has not been announced, the report said. China launched T-bond futures trading in 1992 but suspended it in 1995 citing excessive speculation and illegal deals. Analysts said current market conditions are suitable for the resumption of Chinese T-bond futures trading. The move will help China's financial markets expand bond inventories under improved securities regulations, analysts said.

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