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

China launches stock index futures trading accounts

(Agencies)
Updated: 2010-02-22 08:41
Large Medium Small

SHANGHAI:?Chinese investors will be able to begin applying on Monday to open accounts for stock index futures trading, the China Financial Futures Exchange said, in a key step toward the long-awaited launch of index futures trade.

The exchange was set to begin taking applications at 9 am, state media reported.

Individuals will be required to have a minimum of 500,000 yuan ($73,250) to open an account, while initial margins will be set at 15 to 18 percent.

China launches stock index futures trading accounts

An individual investor is applying for stock index futures trading account Monday at a futures brokerage firm in?Shanghai. [Xinhua]?

China is launching stock index futures, along with margin trading and short selling of stocks and other reforms, to deepen its financial markets with hedging tools and new products while improving liquidity, as it aims to build Shanghai into a global financial centre over the next decade.

The Xinhua state news agency on Saturday quoted a regulatory official as saying that rules for stock index futures trade had received formal approval and that the way would be cleared to start opening accounts within the next few days.

Regulators have said, however, that it was likely to take about three months to prepare for the launch of stock index futures trade following the initial announcement of regulatory approval in January.

Related readings:
China launches stock index futures trading accounts China approves final rules for index futures
China launches stock index futures trading accounts China finalizes high thresholds for index futures
China launches stock index futures trading accounts Index futures tweaked to curb trading risks
China launches stock index futures trading accounts CSRC unveils draft rules for stock index futures investment

The Shanghai and Shenzhen stock exchanges are also moving forward with preparations for a pilot programme for margin trading and short selling of stocks, recently setting the scheme's initial basket of eligible stocks to include the 50 shares of the Shanghai 50 Index?and the 40 shares of the Shenzhen Component Index.

The exchanges also set rules for using stocks, exchange-traded funds, and other instruments as collateral.

Stock index futures are an agreement to buy or sell an index at a certain price on an agreed date. Index futures will give investors a mechanism to profit from declines in stock prices, allow them to hedge risks and help ease market fluctuations.

China's A-share stock bourses in Shanghai and Shenzhen will resume trade Monday. They stayed closed during the one-week Spring Festival, the most important Chinese traditional festival for family reunions.

筠连县| 水城县| 两当县| 安康市| 汕尾市| 寿宁县| 安平县| 隆昌县| 长乐市| 乐都县| 台前县| 山西省| 古丈县| 正镶白旗| 托克逊县| 临澧县| 故城县| 东源县| 化隆| 驻马店市| 晋中市| 鹤山市| 马公市| 宁德市| 云南省| 新乐市| 新干县| 筠连县| 密云县| 松江区| 阆中市| 敦煌市| 葫芦岛市| 慈利县| 石泉县| 沁水县| 巩义市| 天全县| 岳普湖县| 阿尔山市| 鄄城县|