Central Bank: Intends to further enrich the "interest rate swap" product types and extend the term of interest rate swap contracts to 30 years.

According to the Zhitong Finance APP, on May 15, the People's Bank of China, the Securities and Futures Commission of Hong Kong, and the Hong Kong Monetary Authority, after fully summarizing the experience of the "Bond Connect" operation and carefully listening to the opinions and suggestions of domestic and foreign investors, plan to further enrich the types of "Bond Connect" products. First, to extend the term of contracts, to extend the term of interest rate swap contracts to 30 years to meet the diversified risk management needs of market institutions; second, to expand the product line, to introduce interest rate swap contracts with the loan prime rate (LPR) as the reference rate. The financial market infrastructure institutions in both places will gradually launch the above optimization measures.