Swap Connect Signals Renminbi’s Global Power Potential
FinanceAsia
Swap Connect Signals Renminbi’s Global Power Potential
FinanceAsia
MoFo partner and FinanceAsia editorial board member Vivian Yiu was quoted in a recent FinanceAsia article, “Swap Connect signals renminbi’s global power potential.” This article discusses the launch of Swap Connect, a mutual market derivatives initiative which aims to facilitate the increased internationalization of renminbi.
According to Vivian, the launch of Swap Connect is seen as a positive move by the market. “The mutual market access program speaks to stronger connectivity between Hong Kong and Mainland China and is part of Hong Kong’s efforts to cement and solidify its position as an international financial hub,” she said.
Regarding the implementation of daily trading and clearing limits during the initial phase of rollout, in Vivian’s view, it is a prudent and measured approach to ensure stability.
Read the full article.