Swap Connect with Hong Kong will help China attract more international investors to its bond markets, Standard Chartered banker says


Source: scmp.com scmp.com

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The newly announced Swap Connect will help China attract more international investors to its bond markets, according to a senior Standard Chartered banker. “International investors who trade in the mainland [China] bond market will find the new Swap Connect useful, as that helps them hedge their interest rate risk exposure,” said John Tan, head of financial markets in Asia at Standard Chartered, one of the city’s three note-issuing lenders. The monetary authorities of China and Hong Kong will establish the Swap Connect for global investors to hedge risks linked to 3.7 trillion yuan (US$552 billion) worth of Chinese bonds held...