HONG KONG – The Hong Kong Special Administrative Region government on Monday expressed gratitude for measures to enhance arrangements under Swap Connect, a mutual market access program between the Chinese mainland and the HKSAR in the interbank interest rate swap markets.The measures were jointly announced on Monday by the People's Bank of China, the Securities and Futures Commission of Hong Kong and the Hong Kong Monetary Authority.
They will expand the choice of products under Swap Connect, improve the efficiency of the program and lower participation costs, so that the needs of investors from home and abroad will be better addressed and trading will be bolstered, a spokesman for the HKSAR government said.
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