In the News: Swap Connect; CNKI Cybersecurity Review; and Private Pension Funds

July 06, 2022 | BY

Hugo Yeung

Hong Kong-Mainland integration of interbank market for rate swaps; National security probe into prominent academic database; Draft rules on management of private pension funds

Share:

Credit: fazon/Adobe Stock

Swap Connect Begins Development

On July 4, the People's Bank of China (PBOC), Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Hong Kong Exchanges and Clearing Limited (HKEX), China Foreign Exchange Trade System (CFETS), and Shanghai Clearing House (SHCH) jointly announced the development of Swap Connect, a new mutual access program between Hong Kong and mainland China's interbank interest rate swap markets.

Swap Connect will provide trading and clearing services for Hong Kong and international investors to access mainland China's financial derivatives market, and for investors in mainland China