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

BIZCHINA> News
New futures regulations comes into effect
(Xinhua)
Updated: 2007-04-16 13:52
China's new regulations on futures trading came into effect on Sunday, extending its coverage from commodities futures trading to financial futures and option contract trading.

The new regulations, issued by the State Council on March 16 this year, will lay a legal foundation for the introduction of stock index futures, foreign exchange futures and option and other financial derivatives, which will provide financial institutions with much-needed tools to hedge risks.

Objectives in a commodities futures trading include farm produce, industrial products, energy sources and related index product, while a financial futures trading involves securities, interest rates, exchange rates and related index products.

The regulations no longer prohibit financial institutions from doing futures trading or raising funds and offering securities for futures trading.

Seeing that securities dealers, fund management companies and commercial banks will become the major participants in the financial futures market, futures companies are considered as financial institutions in the regulations.

According to the regulations, 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.

The regulations prescribe a series of measures to strengthen the supervision of the futures market in order to ensure its stable and healthy development, said Shi Jianjun, vice president of the China Futures Association.

The China Securities Regulatory Commission (CSRC), the country's securities market watchdog, has the authority to carry out investigations into the market participants and examine their transaction and financial data and bank accounts.

Fan Fuchun, vice chairman of CSRC, said last month that China 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 (CFFE), which was inaugurated in September 2006 to become the country's first financial derivatives exchange.

China's futures market, composed of Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange and CFFE, turned over a record 21 trillion yuan (US$2.69 trillion) last year.

Commodities traded on the country's futures market include corn, soybean meal, sugar, zinc and natural rubber.


(For more biz stories, please visit Industries)
元江| 上思县| 泸定县| 思南县| 巧家县| 扶绥县| 钦州市| 佳木斯市| 海阳市| 长治市| 曲水县| 德庆县| 高淳县| 沽源县| 岳池县| 四子王旗| 阿鲁科尔沁旗| 永嘉县| 武功县| 桐庐县| 马关县| 多伦县| 新邵县| 锡林浩特市| 循化| 上虞市| 德格县| 尚义县| 武夷山市| 临夏市| 新绛县| 武汉市| 扎囊县| 喀喇| 会同县| 专栏| 湖口县| 惠州市| 安多县| 库车县| 综艺|