Rate swap connect between China and Hong Kong to begin on May 15

Kitco Media
By Reuters
Published:
Updated:
Reuters
HONG KONG, May 5 (Reuters) - Mutual access to interest rate swap markets between Hong Kong and mainland China will commence on May 15, the Hong Kong Monetary Authority said on Friday. The programme will begin with Northbound Trading, allowing overseas investors to participate in mainland China's interbank financial derivatives market through a connection between the two markets, HKMA said in a statement. (Reporting by Meg Shen; Editing by Toby Chopra)

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