This report examines interest rate derivatives (IRD) trading activity in mainland China and Hong Kong in the first half of 2026. Onshore renminbi (RMB) IRD traded notional in mainland China rose to $3.4 trillion in the first half of 2026, an increase of 19.0% versus the first half of 2025. In Hong Kong, RMB IRD traded notional rose by 3.7% to $9.1 trillion, lifting its share of the market to 17.5% from 12.9% in the first half of 2025. Total IRD traded notional reported to the Hong Kong Trade Repository (HKTR) fell by 23.6% to $52.1 trillion, mainly due to lower yen and US dollar activity. Trade count rose by 10.0% to a record 811.8 thousand.
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Documents (1) for Interest Rate Derivatives Trading in Mainland China and Hong Kong
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IRD Trading in Mainland China and Hong Kong
This report examines interest rate derivatives (IRD) trading activity in mainland China and Hong Kong in the first half of 2026. Onshore renminbi (RMB) IRD traded notional in mainland China rose to $3.4 trillion in the first half of 2026,...
ISDA In Review – October 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in October 2026.
ISDA Recommendations on EMIR under MISP
On November 2, ISDA published its recommendations on the European Parliament compromise amendments to the European Market Infrastructure Regulation (EMIR) under the Market Integration and Supervision Package (MISP). The briefing covers five areas: transaction reporting (Article 9), non-financial counterparties (Article...
Response on UK MIFIR Reporting Guidelines
On November 6, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/34 ‘Preparing for the new transaction reporting regime’ on the upcoming changes to the UK Markets in Financial Instruments Regulation (MIFIR) transaction reporting regime, as set out in...