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试水人民币利率对冲新工具 汇丰香港率先于离岸市场提供参考LPR的利率互换产品
Xin Hua Cai Jing· 2025-09-22 12:38
Group 1 - HSBC Hong Kong has introduced a new interest rate swap product based on the Loan Prime Rate (LPR) through the "Swap Connect," becoming one of the first banks in the offshore market to offer such contracts, providing effective tools for corporate clients to manage RMB loan interest rate risks [1][2] - The "Swap Connect" has expanded its product offerings since its launch, now including swaps referencing the one-year LPR, which aligns closely with the dynamics of the domestic loan market, allowing banks to tailor LPR-based hedging solutions for clients [1] - The ongoing optimization of the "Swap Connect" has transformed it from a platform primarily for institutional investors to a channel that supports enterprises in effectively managing offshore credit interest rate risks, reinforcing Hong Kong's status as an international financial center and enhancing the liquidity of the offshore RMB market [1] Group 2 - HSBC's Asia-Pacific head of foreign exchange and fixed income trading emphasized the increasing demand from global enterprises for effective RMB interest rate risk management solutions in the offshore market, highlighting the diversification of RMB hedging tools available to businesses [2] - The Chief Financial Officer of Henderson Land Development expressed satisfaction with HSBC's innovative products, indicating that RMB assets and credit are central to their financial management strategy, and they are pleased to collaborate with HSBC to optimize RMB credit interest rate risk management [2] - Since the launch of the "Northbound Swap Connect" in 2023, HSBC Hong Kong has served as a quoting bank and designated clearing agent, facilitating international investors' access to the domestic derivatives market [2]