Photo from HKEX

HKEX launches Swap Connect

The programme will forge connectivity between the capital markets of Hong Kong and China.

The Hong Kong Exchanges and Clearing Limited (HKEX) welcomed the launching of Swap Connect, a mutual access programme between Hong Kong and Mainland China’s interbank interest rate swap markets.

Under Swap Connect, the China Foreign Exchange Trade System (CFETS) and overseas electronic trading platforms recognised by the People's Bank of China (PBOC) would provide training services for the investors.

The programme will also give access to interest rate swaps at the initial stage, all priced, settled, and cleared in Renminbi (RMB).

HKEX, through its clearing subsidiary OTC Clear, will develop an underlying infrastructure for Swap Connect with China Foreign Exchange Trade System and Shanghai Clearing House and facilitate the delivery and operation of the programme.

Nicholas Aguzin, HKEX CEO, said the Swap Connect "will help forge stronger connectivity between Hong Kong and China's capital markets, further supporting their mutual development and strengthening its role as an international financial centre."

In a separate statement, the Bank of China (Hong Kong) said the Swap Connect will further propel participation from investors in the mainland Chinese bond market and push forward the RMB internationalisation.

READ MORE: Expansion of eligible shares under Stock Connect takes effect 13 March


Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Hong Kong sets higher investment threshold for residency
Whilst permanent residency in Hong Kong now requires a minimum outlay of $30m (US$3.83m), the range of permissible investments has been expanded.
MBA programmes in Hong Kong live up to financial hub status
MBA providers hop on experiential learning and progressive curriculums to ensure competitive edge in the rapidly evolving business landscape.