Swap Connect to enhance liquidity of China-HK Bond Connect
The new Swap Connect, which will be launched in six months’ time, will provide one more hedging tool for offshore Chinese bondholders under the China-Hong Kong Bond Connect.
The liquidity of the Bond Connect between Hong Kong and mainland China will be enhanced as regulators from both sides on Monday announced the imminent granting of access to interest rate swaps (IRS) trading in the onshore market, for offshore investors.
This is the first time that the financial infrastructure between Hong Kong and mainland has been expanded to cover derivatives, following the launch of cross-border stock and bond trading. The swap initiative launched on the first …
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