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Market participants applaud push towards SOFR use in China

Karry Lai
July 21, 2021
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Education and awareness-raising work are still needed to push banks to transition away from Libor, but application of the country’s domestic benchmark rate is increasing

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Karry Lai
Interim managing editor
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Based in Hong Kong SAR, Karry joined IFLR in October 2017. She manages the team and is responsible for IFLR's content. She also covers all aspects of financial regulation across Asia and has a particular interest in corporate governance and ESG. Previously, she worked in sustainability education and policy research.