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

   

Mid-year launch of index futures unlikely

(Shanghai Daily)
Updated: 2007-05-09 14:54

China is not expected to meet a mid-year deadline to unveil its pilot stock-index futures because preparations for its launch are complicated and on concerns of a sudden stock slump, sources said yesterday.

The stock market regulator is still working on rules governing the trading of the derivative and launching nationwide programs to educate brokers and institutional investors about the business, said people familiar with the matter.

Preparations for the launch may extend for another few months and it's almost impossible for authorities to push forward the financial futures by the end of next month, the sources said.

Fan Fuchun, vice chairman of the China Securities Regulatory Commission (CSRC), said in March that the regulator had been striving to wrap up preparations for the index futures by the first half of the year. A CSRC official declined to comment yesterday.

"Although we've applied for a license to trade index futures, we were told to wait and learn more about potential risks," said an executive at a Shanghai-based broker. "We have yet to gain a clear timetable from the regulator about the product's launch."

The Securities Association of China said yesterday it would organize training courses on index futures trading for brokerages as well as fund managers this month and in June in Shanghai, Beijing and Shenzhen in Guangdong Province.

The move showed that "regulators are still worried over possible negative consequences of introducing the financial derivatives in a hurry," said a fund source briefed on the situation.

Other concerns that could delay the derivative's debut include a possible crash in the booming stock market as investors become more jittery over wider volatility and potential speculative activities.

Chinese equities have more than tripled their value since the start of 2006 as investors become agog over a market rally after four years' of losses and slumps. The benchmark Shanghai Composite Index hit an all-time record yesterday and is near the psychological 4,000-point level.

"The regulator hopes to launch the futures when the market shows signs of steady growth and investors tend to be more rational," said the fund source. "They don't want the product's launch to be used as a selling excuse and trigger a sell-off."

Chinese authorities have been preparing since late last year for the launch of several futures contracts which are set to track a gauge covering the top 300 listed firms in Shanghai and Shenzhen.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 国产精品久久久久影院老司 | 一区二区美女 | 亚洲女同一区二区 | 全黄一级播放 | 欧美精品www| 五月香婷婷 | 午夜成人在线视频 | 亚洲tv在线 | 免费av网站观看 | 国产原创在线 | 爱情岛论坛自拍 | 欧美日本免费 | 免费在线观看成人 | 国产中文av在线 | 欧美不卡视频 | 91亚洲精| 欧美午夜精品久久久久免费视 | 亚洲美女网站 | 国产精品美女www爽爽爽视频 | 黄页在线免费观看 | 成年人免费在线观看视频网站 | ,一级淫片a看免费 | 久久国产精品网站 | 亚洲四虎影院 | 国产探花一区 | 日本h视频在线观看 | 国产精品19乱码一区二区三区 | 成人小视频在线免费观看 | 亚洲高清av在线 | 亚洲淫片| 国产精品美女久久久久av爽 | 亚洲高清在线观看 | 亚洲天堂2016 | 黄色片入口 | 黄色91网站| 亚洲在线视频免费观看 | 六月婷婷综合 | 成人在线91| 黄色国产精品 | 亚洲欧美自偷自拍 | 久草精品视频在线观看 |