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

Biz
Opening futures key for growth
2010-Apr-26 10:41:41

BEIJING - Opening China's stock index futures market to institutional investors is a necessary step for the market to develop to its full potential with arbitrage activity developing quickly as the trading volume increases, said a senior executive of Chicago Mercantile Exchange (CME) Group.

John W. Labuszewski, managing director of research and product development at CME Group, said the move "was a very favorable indication that the regulations were opening up and allowing institutions to participate in the market".

"It will be critical to the future growth and the success of the product," he added.

Index futures contracts have been traded actively since their debut in Shanghai on April 16. But analysts said the current high turnover rate and small holding size indicated that the market was dominated by retail investors.

China's securities regulator last week allowed brokerages and mutual funds to take part in the new financial derivative with certain restrictions.

It stipulated that funds and brokerages can only use the instrument for hedging purposes and capped long futures positions at 10 percent of net assets and short positions at 20 percent of stock holdings.

"Based on the initial week's trading volume, it certainly appears that the Chinese market adapted extraordinarily quickly to embrace new opportunities," Labuszewski said.

Market watchers said the newly launched financial instrument is likely to provide a boost for China's fund industry by fostering new investment products and spawning new investment strategies by institutional investors.

Foreign institutions are also keen to participate in index futures trading under the Qualified Foreign Institutional Investors (QFII) program and are waiting for the regulator to clarify the relevant rules for QFII investors.

"Index futures have not been able to play their full role in price discovery and risk management in the initial trading as the market is dominated by small investors," said Walter Lin, chief representative of UK-based fund management company Aviva Investors in China.

The UK's largest mutual fund, with about $363 billion assets under management, has recently been granted a quota of $1 billion to invest in China's capital market.

Lin said the participation of institutional investors and large hedgers is essential for index futures to develop to their full potential and hoped that the regulators could relax the restrictions for QFII investors by capping the value of long holdings of index futures contracts at 50 percent of net assets.

 

[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
ChinaDaily Mobile News
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
主站蜘蛛池模板: 四虎成人免费 | 亚洲欧美日韩中文字幕在线观看 | 日本高清黄色 | 一区二区三区在线看 | 大地资源高清播放在线观看免费 | 国产成人自拍在线 | 在线资源站 | 欧美一级片免费在线观看 | 精品人人人 | 直接看毛片 | 日本一级一片免费视频 | 波多野结衣在线观看一区二区 | 久久久久久久久久久国产精品 | 色播导航 | 黑人黄色片| 日韩女同一区二区三区 | 欧美日韩综合在线观看 | 性感美女av | 偷拍第一页 | 日本五十路视频 | 午夜寂寞影院在线观看 | 秋霞黄色网 | 日韩一区网站 | 天天摸天天| 亚州男人天堂 | 啪啪自拍 | 亚洲欧洲国产综合 | 欧美三区视频 | 久久性片 | 中文字幕亚洲高清 | 激情宗合网 | 另类自拍 | 手机看av| 91欧美在线 | 免费日本黄色 | 久久综合精品视频 | 一级黄色片欧美 | 欧美一道本 | 亚洲精品影视 | 精品国产99 | 久草福利在线观看 |