男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
   

The long road to index futures trading

By Wang Lan (China Daily)
Updated: 2007-07-04 11:32

The long-awaited debut of CSI300 index futures, the mainland's first financial futures product, is testing the patience of many market participants, particularly institutional stock investors who would welcome an effective hedging tool to help minimize looming risks in an increasingly uncertain market environment.

ButShanghai-based China Financial Futures Exchange insiders said the exchange and the government regulatory agencies insist on getting everything right before the launch.

As a result, much time and effort is being spent on the regulations that cover trading practices, participants' rights and obligations, risk management and clearing facilities. Finding a shortage of experienced financial futures traders, many prospective participants are conducting training courses for selected staff members.

Special coverage:
Markets Watch  

Related readings:
 Regulator approves index futures trading rules
 China may put off launch of stock index futures
 Index futures may shake up brokers

The preparation process is further complicated by the diversity of the participants, whose specific interests must be equally protected.

"The birth of stock index futures represents the transition of China's financial market, from the previously divided operations and supervisions in separated markets to an integrated financial system with coordinated efforts from all markets," said Yu Yiran, an analyst with China International Futures (Shanghai) Co Ltd.

In the past years, a number of key rules and regulations have been introduced to pave the way for the launch of the index futures market. The Regulation on Futures Trading, which came into effect in April, has effectively laid down the ground rules for all participants.

China Financial Futures Exchange (CFFEX) last week saidChina Securities Regulatory Commission(CSRC) has approved the trading rules and contract specifications for CSI300 futures. The approved rules cover trading practices, clearing procedures, members' rights and obligations, risk control, information management, hedging operations and investigation and penalties for irregular trading.

The approval of the trading rules and contract specifications is widely seen as having cleared one of the final hurdles in the long preparation process.

The assessment of members' qualifications is expected to be the next focus for CFFEX in the coming months. The exchange has said the approval of the trading rules and the contract specifications was a major boost to the preparation work, although the specific trading date for the index futures is yet to be fixed.

But industry experts pointed out that other supplementary rules and regulations will have to be added to form a complete legal system for the proposed market.

Before that happens, it's difficult for the prospective market participants, including broking firms, fund management companies, institutional investors and clearing banks, to make any real progress in their preparation work.


(For more biz stories, please visit Industry Updates)

      1   2     


主站蜘蛛池模板: 芦山县| 定边县| 正阳县| 绥宁县| 兴文县| 尼木县| 马公市| 凤翔县| 县级市| 崇明县| 定陶县| 千阳县| 临泽县| 红河县| 宝兴县| 通江县| 汝州市| 林甸县| 清镇市| 泰顺县| 玉龙| 微山县| 三穗县| 高唐县| 泸西县| 营山县| 金阳县| 百色市| 古蔺县| 辛集市| 潼关县| 金川县| 神农架林区| 玉树县| 清新县| 瓦房店市| 阜城县| 南川市| 汉中市| 土默特右旗| 冕宁县| 巨鹿县| 南丰县| 固镇县| 宁阳县| 彭泽县| 兖州市| 井研县| 永登县| 鹿泉市| 富蕴县| 那坡县| 伊金霍洛旗| 平顺县| 泰安市| 屯留县| 丹阳市| 宣化县| 钟山县| 于田县| 来安县| 晋宁县| 新民市| 冕宁县| 天台县| 通辽市| 井陉县| 武山县| 三门峡市| 龙南县| 和田市| 梅州市| 沾化县| 姚安县| 买车| 双峰县| 晋中市| 满洲里市| 萨迦县| 留坝县| 涿州市| 莎车县|