BEIJING : China's central bank on Friday issued guidance on the interest rate Swap Connect scheme between Hong Kong and mainland China, which will take immediate effect.The move marks another step in the opening up of China's capital markets as it will allow foreign investors to access onshore interest ra
BEIJING : China's central bank on Friday issued guidance on the interest rate Swap Connect scheme between Hong Kong and mainland China, which will take immediate effect.
Qualified foreign investors can participate in northbound domestic interbank financial derivatives trading, the People's Bank of China said in a written statement. The central bank added that regulators would study extending the scheme's southbound leg, which allows mainland investors to access the Hong Kong financial derivatives market, in due course.
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