China and Hong Kong to launch derivatives trading link
HKMA chief says Swap Connect scheme will allow global investors to manage interest rate risks
Financial regulators in mainland China and Hong Kong jointly announced today (July 4) that they are working to develop an arrangement to allow overseas investors to trade interest rate derivatives with mainland investors.
The new programme, Swap Connect, will be launched in six months, the People’s Bank of China, the Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission announced in a joint statement.
Only northbound trading will be permitted in the initial stage
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