日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

China's stock index futures ready to take off: Shang

(Xinhua)
Updated: 2007-10-28 10:02

Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said on Saturday that the country has basically completed system and technical preparations for the launch of its first stock index futures.

Related readings:
 Preparations for stock-index futures near completion
 Supervisory system on stock index futures established
 Conditions for stock-index futures are 'in place'
 Stock index futures licenses to be issued in July

"The commission would continue the final preparations before officially introducing the stock index futures," Shang said at the 2007 China Financial Derivatives Conference held in Beijing.

The development of financial derivatives can improve the country's financial efficiency and help the country better handle financial risks," Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, told the conference, stressing the development should go in a "steady way".

Cheng said the stock index futures is for the time being the one most ready for launch.

He said the introduction of the stock index futures would help boost the smooth development of China's stock market by enabling investors to profit from their anticipation of a share price fall.

However, the threshold for investment in the stock index futures should be set at a relatively higher level to avoid irrational investors, and the threshold could be lowered when the market becomes mature, Cheng said.

The country's new regulations on futures trading came into effect in April, extending its coverage from commodities futures trading to financial futures and option contract trading.

This laid a legal foundation for the introduction of the stock index futures, foreign exchange futures and option and other financial derivatives, which will provide financial institutions with badly-needed tools to hedge risks.

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.

Shang said the commission will continue providing training and risk-control education for institutional investors and managers that are interested in the stock index futures.

The CSRC offered a training course on stock index futures transaction regulations in southwestern China's Guizhou Province between September 27-28, with more than 90 industry participants.

Cheng suggested that the country's institutions of higher learning should train more Financial MBA (FMBA) graduates for the emerging domestic financial derivatives market.

Cheng said the country might introduce the interest rate futures with the gradual marketization of the country's interest rates, which means market-determined interest rates, rather than freely floating rates.

The launch of the foreign exchange futures would need still longer time, Cheng said.

The country's futures market, comprising Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange and CFFE, turned over a record 21 trillion yuan (US$2.81 trillion) last year.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 麻豆精品一区二区 | www久久| 欧美一级网 | 97久久精品人人澡人人爽 | 色五五月 | а√天堂8资源中文在线 | 成人av图片 | 欧美成人精品在线观看 | 天天做天天爱天天爽综合网 | 日韩中文字幕在线视频 | 中文字幕91 | 97香蕉久久夜色精品国产 | 午夜激情福利网 | 欧美国产一级 | 视频一区 中文字幕 | 天堂av在线免费观看 | 亚洲图片一区二区 | 欧美三级欧美一级 | 麻豆国产91 | 亚洲视频免费播放 | 午夜影院黄色 | 日韩亚洲天堂 | 午夜精品久久久久久久久 | 色婷婷婷婷| 综合婷婷 | 国产精品久久久精品 | 视频大全在线观看网址 | 精品1卡二卡三卡四卡老狼 亚洲网在线观看 | 日韩三级中文字幕 | 超碰在线成人 | 91高清免费观看 | 亚洲人网站 | a在线视频 | 日本道不卡 | 国产精品麻豆免费版 | 欧美香蕉在线 | 久久精品视频中文字幕 | 亚洲一区二区三区在线播放 | 91麻豆国产 | 国产a久久麻豆入口 | 午夜激情视频 |