HONG KONG/SHANGHAI -- China took another step toward opening its financial markets on Monday, with a new channel that lets foreign investors trade in onshore interest rate swaps via Hong Kong to hedge risks on their bondholdings.
Finance
China debuts Swap Connect program for onshore bond hedging
Foreign access via Hong Kong aims to curb outflows and boost market liquidity
A launch ceremony for Swap Connect was held May 15 in Hong Kong. (Photo by Kensaku Ihara)
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