On October 31, with approval from the People's Bank of China, the China Foreign Exchange Trade System optimized the operational mechanism of "Swap Connect" and expanded its roster of market makers. As the sole securities firm selected, HTSC was approved as a "Northbound Swap Connect" market maker and successfully completed its first-day transactions, marking a further enhancement of the company's cross-border integrated financial services capabilities.

Since its launch, "Swap Connect" has continuously improved its mechanism, diversified product offerings, and seen steady growth in trading volume, becoming a vital tool for international investors to manage RMB interest rate risks and allocate RMB-denominated assets. On November 3, the group executed 19 "Swap Connect" transactions with 10 institutional clients, totaling RMB 1.61 billion in notional principal. The transactions covered various RMB interest rate swap products, including FR007, Shibor_3M, and LPR, across multiple tenors, with counterparties spanning different types of overseas investors.

Moving forward, HTSC will actively fulfill its role as a market maker, leveraging its expertise in asset pricing, market-making, risk management, and platform development in the interest rate derivatives space. The firm aims to provide institutional clients with comprehensive, cross-border investment and trading solutions, offering international investors all-inclusive, multi-tenor, and one-stop premium trading services. HTSC remains committed to fostering synergy between the Chinese mainland and Hong Kong's financial derivatives markets and advancing high-level financial opening.