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

Center

Index futures tweaked to curb trading risks

By Li Xiang (China Daily)
Updated: 2010-01-20 08:08
Large Medium Small
 
Index futures tweaked to curb trading risks


China Securities Regulatory Commission announced the planned launch of index futures earlier this month and formal trading is expected to start at China Financial Futures Exchange in April. [China Daily]
 

China Financial Futures Exchange (CFFEX) yesterday announced revised trading rules for stock index futures, which investors are expected to begin trading in April.

The revision raises the minimum trading margin for index futures from 10 percent to 12 percent and reduces the single-day maximum holding of futures contracts to 100 from 600, which was previously set during the trial period.

CFFEX issued index futures' trading rules in June 2007, and simulated trade has been conducted at CFFEX since October 2006.

Shanghai-based CFFEX also set the maximum price fluctuation at 20 percent above or below the initial listing price on the first trading day of the quarterly month. CFFEX officials say the revised rules are open for public comment until Jan 29.

"The main functions of the revision are to ensure the smooth launch of index futures, effectively control trading risks and improve the risk-management mechanism," said a CFFEX spokesman at a press conference yesterday.

"We will further improve the rules based on feedback we receive from the public," he said. "The final rules will be released after the revised version is reviewed by the board of CFFEX shareholders and approved by the top securities regulator."

The revised rules also seek to force investors to cut holdings when futures' prices consecutively hit the daily trading limit.

Related readings:
Index futures tweaked to curb trading risks CSRC unveils draft rules for stock index futures investment
Index futures tweaked to curb trading risks Index futures on deck for foreign investors
Index futures tweaked to curb trading risks Margin requirements for index futures to be hiked
Index futures tweaked to curb trading risks Index futures may ease fluctuations in Shanghai Composite

Trading contracts for index futures are based on the CSI 300 Index, which is composed of the 300 largest A shares listed on Shanghai and Shenzhen stock exchanges.

Each point is worth 300 yuan and the minimum trading unit is 0.2 point. The daily trading limit is 10 percent above or below the previous day's settlement price.

CFFEX released draft regulations for investors last week that require individual investors to have at least 500,000 yuan to open an account.

Investors must also have passed relevant examinations on futures trading, participated in mock trading for at least 10 days and conducted at least 20 transactions.

China Securities Regulatory Commission, the nation's securities watchdog, announced the planned launch of index futures earlier this month and formal trading is expected to start at CFFEX in April.

Market observers say the launch of index futures will have a limited impact on the stock market in the mid to long term, but the short-term impact remains to be seen.

Shares on the Shanghai exchange ended slightly higher yesterday with the benchmark Shanghai Composite Index rising 0.3 percent to 3246.87 points. The Shenzhen Component Index fell 0.08 percent to close at 13,350.67 points.

主站蜘蛛池模板: 平凉市| 新乐市| 新安县| 阳东县| 晋城| 微山县| 垫江县| 长海县| 泊头市| 昌平区| 汉川市| 苍南县| 济源市| 宁南县| 朝阳区| 太仆寺旗| 桐柏县| 定边县| 丰原市| 河西区| 中西区| 和平区| 三穗县| 平江县| 当涂县| 金山区| 财经| 云阳县| 蓬莱市| 左贡县| 博湖县| 凌海市| 文昌市| 金华市| 赤峰市| 无为县| 清河县| 屏东县| 阿鲁科尔沁旗| 晴隆县| 虞城县| 邯郸市| 通江县| 西昌市| 磐石市| 乐陵市| 江陵县| 五莲县| 阳江市| 西吉县| 天祝| 昌都县| 柞水县| 彭州市| 双峰县| 天津市| 防城港市| 淮阳县| 五家渠市| 越西县| 江孜县| 泾源县| 望奎县| 方正县| 年辖:市辖区| 石首市| 益阳市| 广饶县| 丰县| 泉州市| 大厂| 来宾市| 涿鹿县| 蓬溪县| 浦东新区| 马边| 满城县| 会同县| 竹山县| 郸城县| 柳江县| 文登市|