Northbound interbank communication, the newly added LPR target interest rate swap.

Under the guidance and support of regulatory authorities in both regions, Hong Kong Exchanges and Clearing Limited's Hong Kong OTC Clearing collaborated with China Foreign Exchange Trading System and Shanghai Clearing House today to increase interest rate swap contracts with the one-year loan market quotation rate as the reference interest rate under the "Northbound Interchange Channel". On the day of the launch of the above-mentioned business, 31 domestic and foreign institutions actively participated, with a total of 53 transactions and a nominal principal amount of 6.46 billion RMB. The three-party infrastructure successfully completed the trading, clearing, and settlement on the first day, and the business and system operations ran smoothly and normally.