Swap Connect signals renminbi's global power potential

Set to go live from May 15, the mutual market derivatives initiative marks a world first for international trading that is set to facilitate the increased internationalisation of renminbi.

Ella Arwyn Jones

May 09, 2023

On Friday (May 05), Hong Kong and China’s central banking authorities announced the launch of Swap Connect, a pioneering initiative that opens up institutional entry to the region’s interbank interest rate swap markets.

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