A total of 162 RMB interest rate swaps were actively reached on the first day of the launch of the "northbound swap".

Xinhua News Agency, May 16, the mainland and Hong Kong interest rate swap market interconnection cooperation (referred to as "swap") was officially put into operation on May 15. Among them, the transaction under the "northbound swap" was started first on the same day. According to data released by the China Foreign Exchange Trading Center, on the first day of launch, 20 "northbound swap" quotators and 27 foreign investors reached 162 RMB interest rate swaps through the trading center system, with a total nominal principal of 8.259 billion yuan, covering foreign banks, foreign securities firms, overseas asset management products and other types of foreign investors, including Shibor and FR007. (Securities Daily)