China-Hong Kong Swap Connect will further improve yuan's global status -HKEX

Kitco Media
By Reuters
Published:
Updated:
Reuters
SHANGHAI, May 15 (Reuters) - The interest rate Swap Connect scheme connecting Hong Kong and mainland China will further promote yuan's global status, Hong Kong Exchange & Clearing Ltd (HKEX) CEO Nicolas Aguzin said on Monday.


Swap Connect launched on Monday, allowing foreign investors under the Bond Connect scheme to access onshore interest rate derivatives and better manage their China exposure.
(Reporting by Shanghai and Beijing newsroom; Editing by Tom Hogue)

Messaging: samuel.shen.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.