"Northbound Interbank Borrowing and Lending Market" launched the LPR interest rate swap optimization function today. Bloomberg provides support for the first day of trading.

To meet the diverse risk management needs of overseas institutions, with the approval of the People's Bank of China, the National Interbank Borrowing Center, the banking market clearing house, and the Hong Kong Offshore Clearing Limited will support interest rate swap contract transactions and centralized clearing linked to the one-year loan market quotation rate under the "northbound swap communication" from September 22, 2025. They will also support international currency market contracts, historical contracts, and contract compression functions for such contracts. The centralized clearing business of IMM contracts linked to the LPR1Y in the interbank interest rate swap market will be launched simultaneously.