China Financial Futures Exchange · CFFEX TF
5Y T-Bond (TF) trading hours, contract specs and expiry
5Y T-Bond (TF) trading hours, China Standard Time (UTC+8): Day 09:30–11:30, 13:00–15:15.
- Regular hours
- Day 09:30–11:30, 13:00–15:15
- Tick value
- ¥50
- Contract size
- ¥1M face
Calendar coverage: 2026-01-01 to 2026-12-31. Source review does not confirm every holiday session; check each dated exception's status.
Source review dates & pending holiday sessions
Regular-hours source review: Verified · Source published Not stated · Last verified · Page generated
Calendar source review: Verified · Source published · Last verified · Page generated
Outside coverage is pending confirmation, not a confirmed closure. Individual source-check dates are retained. Review sources →
Verify against official exchange notices before trading; specs, hours and expiries carry separate review dates.
5-Year China Government Bond (TF) is an interest-rate futures product listed on China Financial Futures Exchange. It has no night session; all trading takes place during the day session. All schedule facts on this page are cross-checked against the exchange's official timetable, with review dates shown below.
Regular sessions
| Session | Exchange time | UTC | London | New York |
|---|---|---|---|---|
| Day | 09:30–15:15 | 01:30–07:15 | winter 01:30–07:15summer 02:30–08:15 | winter 20:30 (prev day)–02:15summer 21:30 (prev day)–03:15 |
Conversions use standard winter/summer offsets; values can differ by an hour during the weeks when regions switch DST on different dates.
Is 5Y T-Bond (TF) open right now? When does it open and close?
5Y T-Bond (TF) trades on China Financial Futures Exchange Day 09:30–11:30, 13:00–15:15 China Standard Time (UTC+8). Trading days: Monday to Friday. This is the regular weekly pattern; exchange holidays and special sessions take precedence. The status line below works out whether it is open right now from the same reviewed sessions and holiday calendar.
Live open/closed status: see the timeline on the home page.
- Day: 09:30–15:15 China Standard Time (UTC+8) — UTC 01:30–07:15; London winter 01:30–07:15 · summer 02:30–08:15; New York winter 20:30 (prev day)–02:15 · summer 21:30 (prev day)–03:15.
- No further closures in the reviewed calendar through 2026-12-31.
- No quotes or margin figures here; open/closed status is derived only from the exchange’s published sessions and holiday notices — verify exchange notices before trading.
Is 5Y T-Bond (TF) open today or tomorrow?
As of 2026-11-11 (UTC date): the status line above resolves the current date in your own time zone. The regular week restarts Monday at 09:30 China Standard Time (UTC+8). Regular weekly sessions are Day 09:30–11:30, 13:00–15:15 China Standard Time (UTC+8); exchange holidays and special sessions take precedence.
CONTRACT REFERENCE
Contract specifications
- Contract size
- ¥1M face
- Minimum tick
- 0.005
- Tick value
- ¥50
Expiry ruleSecond Friday of expiry month; next trading day after a statutory holiday or exceptional closure. On the last trading day, trading is 09:30–11:30 Asia/Shanghai only.
FRONT CONTRACTS
Upcoming expiries
* Estimated from the exchange rule and may move for holidays. Countdowns are measured from 2026-11-11 and refresh to your own date when the page loads. This is an on-site reference; external calendar subscriptions are not offered.
- Fields covered
- Specifications, expiry rule and front-contract dates
- Review state
- Accepted; rule estimates retain *
- Reviewed
- Rights state
- Approved for public reference
Official sourceCFFEX · TF ↗Methodology →Margin, price limits & fees — CEC
Holiday closures (2026)
- 2026-04-06Qingming Festival closure
- 2026-05-01International Workers' Day closure
- 2026-05-04 · 2026-05-05International Workers' Day closure
- 2026-06-19Dragon Boat Festival closure
- 2026-09-25Mid-Autumn Festival closure
- 2026-10-01 · 2026-10-02 · 2026-10-05 · 2026-10-06 · 2026-10-07National Day closure
5Y T-Bond listed contract months: last trading day & delivery
Full expiry calendar →As of 2026-11-11 the front-month 5Y T-Bond contract is TF2612 (last trading day 2026-12-11), followed by TF2703 (2027-03-12); "front month" here means nearest expiry, not the most active contract.
| TF2612 | LTD 2026-12-11 · delivery 2026-12-16 |
|---|---|
| TF2703 | LTD 2027-03-12 (est.) · delivery 2027-03-17 |
| TF2706 | LTD 2027-06-11 (est.) · delivery 2027-06-16 |
Dates are computed from the exchange contract text and the reviewed holiday calendar; open a symbol for its decode, month closures and neighbouring months.
Can a foreign investor trade 5Y T-Bond (TF), and take delivery of it?
CFFEX 5-year treasury (TF): specified route Not on reviewed list; QFI Effective 2026-04-24 · hedging only. Reviewed 2026-09-30; list status does not establish account or delivery eligibility.
- Specified route
- Not on reviewed list
- QFI
- Effective 2026-04-24 · hedging only
Product registry and sources → · All 91 market products →
Citation and eligibility boundaries
Account conditions, permitted purpose and delivery eligibility require separate checks of the applicable exchange, product and participant rules.
Futures Clock · CFFEX TF · 5-year treasury Snapshot reviewed: 2026-09-30 Dataset version: 1.9.16 Specified-product route: Not on reviewed list QFI: Effective 2026-04-24 · hedging only List status does not establish account or delivery eligibility; routes can overlap. Options are excluded. https://futuresclock.com/en/china-atlas/#cffex-tf-futures CFFEX product catalogue: https://www.cffex.com.cn/ CFFEX [2026] No.18 (24 Apr 2026): http://www.cffex.com.cn/cn/jystz/20260424/47681.html
FAQ
- What are 5-Year China Government Bond (TF) trading hours?
- 5-Year China Government Bond regular sessions are: Day 09:30–11:30, 13:00–15:15 (exchange local time).
- Does 5-Year China Government Bond trade overnight?
- No — the reviewed regular schedule does not cross midnight: Day 09:30–11:30, 13:00–15:15 (exchange local time).
- Is 5-Year China Government Bond open right now?
- Check the live timeline for the current open/closed status of 5-Year China Government Bond and the countdown to the next open or close.
- Does 5-Year China Government Bond trade on weekends?
- No Saturday or Sunday trading.
- When is 5-Year China Government Bond closed for Chinese New Year 2026?
- Spring Festival closures fall on 2026-02-16, 2026-02-17, 2026-02-18, 2026-02-19, 2026-02-20, 2026-02-23 (6 trading days); the first day back normally has a day session only.
Sources & review coverage
Holiday data coverage: 2026-01-01 to 2026-12-31; regular sessions effective 2026-01-01.
The latest check is the newest date among related sources; it does not mean every schedule and holiday field was reviewed that day. Individual source dates follow.
- CFFEX equity index futures contract specificationsChina Financial Futures Exchange · reviewed 2026-07-23
- CFFEX China government bond futures contract specificationsChina Financial Futures Exchange · reviewed 2026-07-23
- Notice on Trading Schedule During National Holidays for Year 2026China Financial Futures Exchange · reviewed 2026-07-23
Read the data sources, freshness and corrections methodology →