The launch of Hong Kong’s Swap Connect programme, giving global investors easy access to China’s $5tn swap market, is facing delays, according to people familiar with the situation, with regulators in Beijing failing to finalise rules necessary for the trading scheme’s operation.The Swap Connect, announced during Chinese president Xi Jinping’s high-profile visit to the city in July, has been positioned by officials as an important new channel for the further opening up of China’s vast onshore markets. The move was also celebrated as a boon for Hong Kong, where Covid-19 restrictions have throttled the economy and undermined the financial sector’s competitiveness.
據知情人士透露，香港“互換通”(Swap Connect)計劃的啟動面臨推遲，原因是位于北京的監管機構尚未敲定運行該交易機制所需的規則。“互換通”將使全球投資者能便捷地參與中國5萬億美元的掉期市場。