BEIJING, April 28 (Reuters) - China's central bank on
Friday issued guidance on the interest rate Swap Connect scheme
between Hong Kong and mainland China, which will be effective
from April 28.
Qualified foreign investors can participate in northbound
domestic interbank financial derivatives trading, the People's
Bank of China said in a written statement.
The new scheme set the initial net daily trading quota for
North Bound Connect at 20 billion yuan ($2.9 billion), according
to the statement.
($1 = 6.9155 Chinese yuan renminbi)
(Reporting by Ella Cao and Meg Shen; Editing by Kevin Liffey)
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