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: 涞水县| 长沙县| 泰兴市| 永新县| 临夏县| 岱山县| 蓬莱市| 新津县| 丹东市| 罗江县| 临邑县| 镇江市| 浦江县| 正镶白旗| 定南县| 临颍县| 玉山县| 剑阁县| 鹤壁市| 登封市| 福海县| 黔西县| 松江区| 邵东县| 同江市| 阳朔县| 吴江市| 长寿区| 揭西县| 浦县| 民勤县| 郯城县| 金山区| 伊金霍洛旗| 津市市| 宜春市| 务川| 建平县| 华容县| 沧源| 阜康市| 镇原县| 南安市| 含山县| 金乡县| 华宁县| 乐清市| 微山县| 雅安市| 太湖县| 南通市| 海盐县| 清镇市| 府谷县| 南召县| 晋中市| 巧家县| 格尔木市| 鹤山市| 津南区| 长沙市| 无棣县| 宜川县| 肥城市| 扶沟县| 天台县| 绥化市| 乌拉特后旗| 饶平县| 浪卡子县| 都江堰市| 石渠县| 黎城县| 福鼎市| 嘉峪关市| 灌云县| 广汉市| 富阳市| 朝阳市| 邮箱| 岑巩县| 合山市|