(Adds details from FT report, background, changes headline)
April 6 (Reuters) - China's "Swap Connect" scheme has
won regulatory approval and is set to launch within months, the
Financial Times reported on Thursday citing people familiar with
the matter.
The final rules for the scheme were recently agreed by China
and Hong Kong authorities, the report said.
In February, China's central bank issued draft rules seeking
public opinions on the scheme.
The new scheme, announced last year, will allow mutual
access to interest rate swaps trading to promote financial
derivatives markets, and also upgraded a separate currency swap
agreement.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by
Jacqueline Wong)
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