Dealers predict Swap Connect will boost China’s swaps market

Banks expect strong interest from clients wishing to trade instruments onshore via new access scheme


Dealers say the Swap Connect scheme, which the financial regulators in Hong Kong and mainland China are due to launch later this year, could transform how foreign investors trade renminbi interest rate derivatives.

Investors outside China have typically hedged their renminbi exposures offshore by using non-deliverable interest rate swaps cleared at LCH in London. Swap Connect will provide investors with the means to access the much larger cleared CNY (onshore renminbi) interest rate swap market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here