China Near to Financial Futures – Jamil Anderlini

From Financial Times:

China’s securities regulator is likely to grant the first licences to trade index-based futures within the next month. However, the long-delayed launch of the country’s first financial product is not expected before June and could even be pushed back until next year.

The China Securities Regulatory Commission is under pressure from investors and brokers to launch the instruments. Many of the country’s 180 futures brokers applied for licences in September, at the same time as the China Financial Futures Exchange was formally opened in Shanghai.

An initial batch of 10 brokerages is expected to get the first licences next month but one regulatory source said trading in the first product – a futures contract based on the Shanghai Shenzhen 300 Index – would not start until June or July at the earliest.[Full Text]

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.