Hong Kong Stock Exchange: The trading volume of interest rate swaps is expected to account for about 8% of the market for domestic interest rate swap products in China by May 2025.

According to the Securities Times APP, on July 7th, the Hong Kong Stock Exchange announced that since the launch of the Bond Connect program in 2023, it has been continuously optimized, and the trading volume has been increasing. Two years ago, when the Bond Connect was launched, there were only 22 offshore investors participating. By the first quarter of 2025, the number of participating investors has increased to over 80. The monthly trading volume has increased from 500 billion RMB in May 2023 to 3.8 trillion RMB in May 2025. The daily average settlement amount now reaches 25 billion RMB, far exceeding the initial expectations. As of May 2025, the trading volume of the Bond Connect accounts for approximately 8% of the domestic interest rate swap market in China.