Hong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge interest rate risk and strengthening the international use of the yuan. The move forms part of Beijing's broader efforts to deepen financial integration with Hong Kong and expand cross-border investment.

Finance chief also vows to promote global renminbi adoption after offshore Chinese government bond futures contract debuts in city on Monday.

Chief Executive John Lee meets China Securities Regulatory Commission chairman Wu Qing to exchange views on deepening mutual access between markets.