国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China issues new regulations on futures trading

(Xinhua)
Updated: 2007-03-17 14:30

The State Council, or China's cabinet, published on Friday the country's new regulations on futures trading, extending its coverage from commodities futures trading to financial futures and option contracts trading.

The new regulations, which will come into effect on April 15 this year, no longer prohibits financial institutions from doing futures trading or raising funds and offering securities for futures trading.

Futures companies will be considered financial institutions when securities dealers, fund management companies and commercial banks become the major participants in the financial futures market, said an official with the Legislative Affairs Office of the State Council.

The Chinese futures market is required to improve its risk control system by setting up a guarantee fund and an interest compensation mechanism for futures investors, according to the regulations.

The regulations, with the scope of application expanded, lay a legal foundation for the introduction of stock index futures and strengthen the supervision of the futures market, said Shi Jianjun, vice president of the China Futures Association.

Fan Fuchun, vice chairman of the China Securities Regulatory Commission said earlier this month that the country is likely to launch the trading of stock index futures in the first half of 2007.

Simulation trading was started in October last year to test the trading system at the Shanghai-based China Financial Futures Exchange, which was inaugurated in September 2006 to become the country's first financial derivatives exchange.

Currently investors can only profit when the stock index goes up. With the introduction of index futures, investors will be able to make money when the index falls.

Market watchers believe the introduction of such derivatives will provide financial institutions with a much-needed tool to hedge risks but may also spur speculation and widen volatility.


(For more biz stories, please visit Industry Updates)



安化县| 克东县| 威远县| 西林县| 遂川县| 永年县| 松潘县| 肥西县| 延安市| 连江县| 西吉县| 内黄县| 同心县| 宁国市| 水城县| 石家庄市| 聂荣县| 哈尔滨市| 长武县| 温州市| 柳江县| 临潭县| 嫩江县| 宜城市| 永胜县| 三江| 金华市| 宜都市| 太白县| 体育| 孝义市| 盐城市| 浮梁县| 海南省| 桐梓县| 景洪市| 蒲城县| 同心县| 耿马| 徐水县| 大城县|