HKEX Celebrates Launch of Swap Connect
HONG KONG, May 15, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) celebrated the launch of Swap Connect, the new mutual access programme between Hong Kong and Mainland China's interbank interest rate swap markets, with a ceremony held at HKEX Connect Hall and in Beijing.
- HONG KONG, May 15, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) celebrated the launch of Swap Connect, the new mutual access programme between Hong Kong and Mainland China's interbank interest rate swap markets, with a ceremony held at HKEX Connect Hall and in Beijing.
- HKEX, through its clearing subsidiary OTC Clear, has been working together with China Foreign Exchange Trade System and Shanghai Clearing House to support the trading and clearing of Swap Connect, which is launching initially with a Northbound channel.
- Swap Connect is the latest development in the pioneering Connect Programme and has been warmly welcomed by regional and international investors.
- The launch of Bond Connect in 2017, part of the broader Connect programme, was an important first milestone in the opening of the Mainland bond market.