Page 47 - 期货和衍生品行业监管动态（2024年5月）

期货和衍生品行业监管动态

First, to enrich the product types, interest rate swap contracts with payment

cycles based on the International Monetary Market dates will be accepted for clearing

to align with mainstream products traded globally and meet the diverse risk

management needs of Mainland and overseas investors.

Second, to improve the ancillary services, compression service and the clearing

of backdated swap contracts as the associated supporting arrangement will be

introduced to facilitate participating institutions to manage the notional amount

outstanding, lower capital costs, and foster active trading.

In addition, the China Foreign Exchange Trade System (National Interbank

Funding Center), the Shanghai Clearing House, and OTC Clearing Hong Kong

Limited will roll out other system enhancements and incentive programmes

simultaneously to reduce the participation costs of Mainland and overseas investors.

For the next step, the Mainland and Hong Kong regulators will guide the

financial market infrastructure institutions in both markets to extend the business

collaboration under Swap Connect in a steady and orderly manner and further

enhance the operational arrangements of the scheme, with a view to facilitating the

steady opening-up of China’s financial markets and strengthening Hong Kong’s status
as an international financial centre.

https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?

refNo=24PR85

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