国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Top Biz News

Index futures likely to debut in March

By Li Xiang (China Daily)
Updated: 2010-01-06 08:04
Large Medium Small

Equities rose yesterday following reports that the regulator would introduce futures contracts on the country's stock indexes as early as March, with securities firms recording sharp gains.

The benchmark Shanghai Composite Index rose 1.2 percent to close at 3,282.18. CITIC Securities gained 4.9 percent to 32.82 yuan while Everbright Securities hit the 10-percent daily trading limit to 27.24 yuan.

Sources close to the securities regulator told China Daily yesterday that the new financial mechanism is ready to be launched, but did not give an exact date.

Stock index futures are agreements to buy or sell an index at a preset value on an agreed date.

Bloomberg reported yesterday that the State Council has given the China Securities Regulatory Commission approval "in principle" to introduce index futures and the first contract, based on China's CSI 300 Index, may begin trading after the annual National People's Congress in March.

The new instrument would allow Chinese investors to profit from declines in share prices and hedge risks for the first time. It will also help curb volatility in a market that slumped nearly 65 percent in 2008 and rebounded over 80 percent last year.

Analysts said while the new mechanism would trigger a bull rally in blue-chips and heavyweight shares, it could also lead to a possible correction.

"Blue chips usually lead the gains prior to the launch of the index futures as they are the most sought-after stocks by institutional investors," said Liao Qing, an analyst with Sealand Securities.

Related readings:
Index futures likely to debut in March Equities rise on rumors of stock index futures
Index futures likely to debut in March Chinese shares rise for third day on news of stock-index futures
Index futures likely to debut in March China to introduce index futures at 'appropriate' time: regulator

"But once the mechanism is in place, the market is likely to see a correction as investors would face pressures to sell," he said.

It is expected that margin trading and short selling would also be launched soon as part of the preparations for introducing index futures.

But Liao said it would be feasible to have index futures first as market rules and conditions are already ripe and the introduction of margin trading and short selling can wait till more detailed regulations are announced.

"Details of margin trading and short selling are still not clear and the business is much more complicated than index futures as it involves each individual stock and securities firm," he said.

Analysts feel that the new financial mechanism may not be open to qualified foreign institutional investors for now as the regulator intends to protect the interests of domestic investors first.

什邡市| 凤阳县| 宣城市| 内乡县| 诸城市| 肇东市| 呼图壁县| 香港| 莫力| 黄陵县| 大荔县| 陆丰市| 金湖县| 沙河市| 澄江县| 清流县| 高台县| 吉水县| 桃园市| 岳阳市| 磴口县| 汕尾市| 临猗县| 湛江市| 清原| 东明县| 台中市| 黎川县| 云南省| 彰武县| 平江县| 台中县| 讷河市| 电白县| 海晏县| 阿城市| 西平县| 合水县| 柳河县| 荣成市| 镇雄县|