Core Viewpoint - The People's Bank of China has approved the launch of interest rate swap contracts linked to the one-year Loan Prime Rate (LPR1Y) under the "Northbound Swap Connect" to meet the diverse risk management needs of foreign institutions [1] Group 1 - Starting from September 22, the national interbank lending center, the interbank market clearing house, and the Hong Kong OTC Clearing Limited support the trading and centralized clearing of interest rate swap contracts linked to LPR1Y [1] - The first trading day for the LPR1Y-linked swap contracts was supported by Bloomberg on September 22 [1] - Standard Chartered Bank (China) and Huatai Financial Holdings (Hong Kong) completed their first interest rate swap transaction under the "Swap Connect" using LPR1Y as the reference rate on the same day [1]