[HSBC China: "swap" helps smooth cross-border capital flows will attract more foreign capital inflows in the future] the people's Bank of China announced in the evening that the interim measures for the Administration of Interconnection and Cooperation in the interest rate swap Market between the mainland and Hong Kong will come into effect on April 28. In response, Zhang Jinqiu, vice president and joint director of the Capital Markets and Securities Services Department of HSBC (China) Co., Ltd., said that the launch of the "swap" will be another important milestone in the process of opening up China's bond market to the outside world. it is also an important measure for the infrastructure construction of the bond market to extend from the omni-directional opening of securities trading to the field of derivatives. This new measure will help foreign investors better manage interest rate risk and ease the cross-border flow of capital. Looking to the future, Zhang Jinqiu believes that with the development of "swap", China's bond market will further integrate with the international market and attract more foreign capital inflows. (Xu Chuan, reporter of the Financial Associated Press)