综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

BIZCHINA> News
Nation issues new regulations on futures trading
(Xinhua)
Updated: 2007-03-18 09:36

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 theChina Securities Regulatory Commissionsaid 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 theShanghai-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 Industries)
武鸣县| 井陉县| 莱西市| 塔城市| 屏南县| 大丰市| 永和县| 左云县| 永兴县| 张掖市| 通州区| 怀化市| 波密县| 北安市| 南靖县| 梅州市| 老河口市| 肃南| 屏东市| 巩留县| 锡林郭勒盟| 新源县| 泊头市| 西贡区| 南丹县| 建湖县| 萨迦县| 金沙县| 济宁市| 汾西县| 安塞县| 惠安县| 雅江县| 凌源市| 黄冈市| 思茅市| 德格县| 丹棱县| 万宁市| 磐石市| 乐东|