China plans onshore renminbi cross-currency swap

Interest rate traders are hoping China's opening up of its cross-currency swap market to corporate users will bolster their appetite for renminbi derivatives, as mainland corporates have increased access to renminbi funding for trade settlement via both the onshore and offshore market.

The State Administration of Foreign Exchange (Safe) said this week in a notice that, from March 1, designated foreign exchange banks can start offering renminbi cross-currency swaps to corporate clients one year

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: