To implement the strategic arrangements of the CPC Central Committee and the State Council on steadily advancing the opening-up of China's financial markets,the Mainland and Hong Kong interest rate swap markets mu...To implement the strategic arrangements of the CPC Central Committee and the State Council on steadily advancing the opening-up of China's financial markets,the Mainland and Hong Kong interest rate swap markets mutual access scheme(hereinafter referred to as"Swap Connect")was officially launched on May 15,2023.Since the launch of Swap Connect,transaction volume under the scheme has been growing steadily.In May 2024,Swap Connect was further optimized,with the introduction of Interest Rate Swap(IRS)contracts using the International Monetary Market(IMM)settlement dates for their payment cycles,backdated IRS contracts,and contract compression services.展开更多
文摘To implement the strategic arrangements of the CPC Central Committee and the State Council on steadily advancing the opening-up of China's financial markets,the Mainland and Hong Kong interest rate swap markets mutual access scheme(hereinafter referred to as"Swap Connect")was officially launched on May 15,2023.Since the launch of Swap Connect,transaction volume under the scheme has been growing steadily.In May 2024,Swap Connect was further optimized,with the introduction of Interest Rate Swap(IRS)contracts using the International Monetary Market(IMM)settlement dates for their payment cycles,backdated IRS contracts,and contract compression services.
