Northbound trading of Swap Connect to launch on May 15

HONG KONG, May 5 (Xinhua) -- The northbound trading of Swap Connect, a mutual market access program between the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) in the interbank interest rate swap markets, will launch on May 15, according to the Hong Kong Monetary Authority (HKMA) on Friday.

At the initial stage, eligible products will include interest rate swap contracts, and the quotati