The developments of long-term interest rates have in fact been in line with our objective of maintaining price stability. This is not an insignificant achievement and we are committed to not putting it at risk. BIS Review 45/2001  3
The launch and implementation of Swap Connect and the standing swap arrangement will further enhance the connection of financial markets between the two places and consolidate  Hong Kong’s status as an international financial center and an offshore RMB business hub.