Caixin
Jul 04, 2022 09:05 PM
FINANCE

China to Expand Global Investors’ Access to Its Financial Derivatives Market

The program will improve efficiency of cross-border IRS trading and clearing, and cement Hong Kong’s position as an international financial hub, the PBOC said in a Q&A.
The program will improve efficiency of cross-border IRS trading and clearing, and cement Hong Kong’s position as an international financial hub, the PBOC said in a Q&A.

Authorities on the Chinese mainland and Hong Kong announced Monday that they will jointly launch a “Swap Connect” program in six months, to allow offshore investors a wider access to the mainland interest rate swap (IRS) market.

The plan comes as China bolsters efforts to further open up its financial market to overseas investors. As offshore investors become more active in trading Chinese bonds, their demand for derivatives to manage risks of fluctuating interest rates has grown.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: Hong Kong ‘Homecoming’ Listings
00:00
00:00/00:00