{"id":43784,"date":"2025-10-16T03:31:27","date_gmt":"2025-10-16T07:31:27","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/icbc-executes-first-swap-connect-trade-on-bloomberg-in-europe\/"},"modified":"2025-10-16T03:31:27","modified_gmt":"2025-10-16T07:31:27","slug":"icbc-executes-first-swap-connect-trade-on-bloomberg-in-europe","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/icbc-executes-first-swap-connect-trade-on-bloomberg-in-europe\/","title":{"rendered":"ICBC Executes First Swap Connect Trade on Bloomberg in Europe"},"content":{"rendered":"
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London – Bloomberg today announced that the Luxembourg branch of the Industrial and Commercial Bank of China (ICBC) successfully completed its first Swap Connect transaction in Europe, using Bloomberg\u2019s Swap Connect solution. This follows ICBC Dubai completing the first Swap Connect trade in the Middle East using Bloomberg and marks a significant milestone in the expansion of Swap Connect \u2013 further connecting international investors with China\u2019s onshore derivatives market.<\/p>\n

The trade underscores the accelerating adoption of Swap Connect as a channel for offshore institutions to manage onshore interest rate risk. It also highlights the accessibility of China\u2019s financial markets under the initiative jointly developed by Hong Kong and mainland regulators.<\/p>\n

\u201cCompleting our first Swap Connect trade in Europe is a landmark for ICBC as we expand our global derivatives offering,\u201d said Chen ZHAO, Deputy Head of Financial Market at ICBC Luxembourg Branch. \u201cThis transaction demonstrates both the growing demand from international clients to hedge China exposure and our ability to provide them with robust, efficient access to the onshore RMB market.\u201d<\/p>\n

\u201cWe are delighted to strengthen our collaboration with ICBC who have been a first mover with Swap Connect in both Europe and the Middle East,\u201d said Andrew Beacham, Global Head of Emerging Markets Trading Product at Bloomberg. \u201cWe are committed to helping to deepen liquidity and broaden foreign participation in China\u2019s bond market by equipping participants with the tools they need to hedge risk effectively. We look forward to continuing to lead the way with supporting more institutions across regions with accessing Swap Connect.\u201d<\/p>\n

Swap Connect, launched in May 2023, allows offshore investors to participate in Mainland China\u2019s OTC derivatives markets. Bloomberg is an approved third-party electronic trading solutions provider by the People\u2019s Bank of China (PBOC) for northbound Swap Connect. Through the Bloomberg Terminal, eligible offshore investors can access Bloomberg\u2019s Swap Connect solution to trade RMB interest rate swaps (IRS) via the program.<\/p>\n

Bloomberg provides a range of innovative trade-related solutions around the world. It also offers a full suite of solutions for China\u2019s bond markets and cross-border investment. For more information, please visit RMB<GO> on the Bloomberg Terminal.<\/p>\n

Bloomberg\u2019s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg\u2019s high-quality, multi-asset class data and tools.<\/p>\n

About Bloomberg<\/strong><\/p>\n

Bloomberg is a global leader in business and financial information, delivering trusted data, news and insights that bring transparency, efficiency and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com\/company<\/a> or request a demo.<\/p>\n

Media Contacts:<\/strong>
\nGauri Andriks: gandriks@bloomberg.net, +1 (212) 617-6361
\nIrene Gu: igu3@bloomberg.net<\/a>, +852-2977-2111<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"London – Bloomberg today announced that the Luxembourg branch of the Industrial and Commercial Bank of China (ICBC) successfully completed its first Swap Connect transaction in Europe, using Bloomberg\u2019s Swap Connect solution. This follows ICBC Dubai completing the first Swap Connect trade in the Middle East using Bloomberg and marks a significant milestone in the [...]","protected":false},"featured_media":0,"template":"","format":"standard","categories":[86,17],"press_tag":[79],"class_list":["post-43784","press","type-press","status-publish","format-standard","hentry","category-bloomberg-professional-services","category-press-announcement","press_tag-press-announcements"],"yoast_head":"\nICBC Executes First Swap Connect Trade on Bloomberg in Europe | Press | Bloomberg LP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/icbc-executes-first-swap-connect-trade-on-bloomberg-in-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICBC Executes First Swap 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