Industry insiders: the opening of the "swap" business is conducive to the expansion of foreign investors' debt holdings and the increase in trading activity.

[industry insiders: the opening of the "swap" business is conducive to the expansion of debt holdings by foreign investors and the increase in trading activity. FYF, a few days ago, the mainland and Hong Kong interest rate swap market interconnection cooperation and "swap" launch ceremony was held in Beijing and Hong Kong. ICBC, Bank of China, China Construction Bank, Bank of Communications, CITIC, HSBC and many other Chinese and foreign banks have landed the "swap" business. Industry insiders said that the opening of the "swap" business will help banks to expand overseas customers, while promoting the expansion of foreign investors' debt holdings and increased trading activity. Looking to the future, a number of banks said that they will continue to contribute to the internationalization of the RMB, enrich the trading variety of existing securities and derivatives, and contribute to the opening up of China's financial market. (China Securities News)