Core Insights - The China Foreign Exchange Trading Center is optimizing the "Swap Connect" mechanism to enhance market vitality and better meet the needs of foreign investors in managing RMB interest rate risks [1] - Since its launch on May 15, 2023, "Swap Connect" has facilitated over 15,000 RMB interest rate swap transactions with a nominal principal of 8.15 trillion yuan from 82 foreign investors across 15 countries and regions [1] - Future improvements to the "Swap Connect" mechanism will be made in collaboration with domestic and foreign market participants to support the high-level opening of China's financial market and the internationalization of the RMB [1] Group 1 - The establishment of a dynamic adjustment mechanism for "Swap Connect" quote providers and the expansion of the quote provider team [1] - The enhancement of the daily net limit dynamic assessment mechanism, with an increase in the daily net limit to 45 billion yuan starting from October 13, 2025 [1] - The ongoing collaboration with the People's Bank of China and market participants to continuously optimize the "Swap Connect" arrangements [1]
中国外汇交易中心将在中国人民银行指导下优化“互换通”运行机制
Shang Hai Zheng Quan Bao·2025-09-25 09:51