
High costs limiting CNY corporate swaps market
Isda AGM: Demand growing but high capital costs burdening banks

Read all our coverage from the Isda AGM here.
The trading of interest rate swaps between banks in China’s onshore market has grown, but the dealer-to-client market on the mainland still faces cost hurdles, according to William Shek, head of credit and rates for Asia-Pacific at HSBC.
Chinese companies are increasingly using interest rate swaps to hedge Shibor-linked loans. The interdealer market to manage these risks is thriving as clearing of swaps is common and the trades are regularly
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