[financial market opening acceleration institutions actively prepare for the "swap" FIFA, May 10, the transaction under the "northbound swap" will be officially launched on May 15. The website of Bond Communications recently announced the list of the first batch of bidders of "North bound Exchange", including Industrial and Commercial Bank of China, Agricultural Bank of China, HSBC China, Deutsche China, CITIC Securities, China International Capital Corporation and so on. At present, a number of institutions are actively preparing for the opening of "swap". Industry experts said that the "swap" is another important milestone in the opening up of China's financial market, and its launch will help foreign investors better manage interest rate risk and promote the internationalization of RMB and the further development of the interbank interest rate derivatives market.