https://www.levyinstitute.org/publications/?docid=2776 Created Fri, 17/02/2023 - 05:32 Updated Fri, 17/02/2023 - 05:32 This paper models the dynamics of Chinese yuan (CNY)-denominated long-term interest rate swap yields. The financial sector plays a vital role in the Chinese economy, which has grown rapidly in the past several decades.