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 may ease fluctuations in Shanghai Composite

(China Daily/Agencies)
Updated: 2010-01-12 08:01
Large Medium Small

China's approval of short sales and stock index futures paves the way for foreign investors to bet on a convergence in valuations between Shanghai and Hong Kong.

The China Securities Regulatory Commission cleared the overhaul of trading laws on Jan 8 that will also permit buying equities with brokerage loans. The rules apply to mainland residents and the 94 international institutions authorized for mainland trading by the government.

Allowing investors to profit from share declines will make trading more efficient in the mainland and may eventually reduce the valuation gap with Hong Kong, where an index of mainland-based companies is priced at a 38 percent discount, according to ING Groep NV.

Related readings:
Index futures may ease fluctuations in Shanghai Composite China approves index futures, margin trading
Index futures may ease fluctuations in Shanghai Composite Index futures likely to debut in March
Index futures may ease fluctuations in Shanghai Composite Equities rise on rumors of stock index futures
Index futures may ease fluctuations in Shanghai Composite China to introduce index futures at 'appropriate' time: regulator

"It'll make it easier for market players to conduct the arbitrage," said Philip Schwartz, who manages $1.3 billion of international equities at ING Investment Management in New York.

Amsterdam-based ING, the largest Dutch financial services company, was approved to invest in mainland local-currency stocks and bonds under the qualified foreign institutional investor, or QFII, program in 2003. Schwartz said he doesn't short sell a stock or do arbitrage.

"I would do the trade immediately if I could," said Michael Cheah, who manages $2 billion at SunAmerica Asset Management in Jersey City, New Jersey. "The real test will be when we have a sell-off, will they suspend shorting?"

The Shanghai Composite climbed 0.5 percent to 3212.75 yesterday, after rising as much as 3.5 percent, its biggest gain in three months.

Index futures may help ease fluctuations in the world's third-largest equity market by value after the Shanghai Composite doubled in 2007, then slumped 65 percent in 2008 before rebounding 80 percent last year.

The mainland stock market will become "more rational" with the introduction of stock index futures, margin trading and short selling, Deutsche Bank AG said in a report.

The first stock index contracts, based on China's CSI 300, may begin trading after the annual session of China's National People's Congress in March, an official with knowledge of the matter said.

循化| 永吉县| 长岛县| 德安县| 瓦房店市| 镶黄旗| 台北县| 安宁市| 通许县| 阳城县| 桂平市| 延吉市| 白河县| 蒙阴县| 手机| 达孜县| 平湖市| 临沧市| 绥芬河市| 香港 | 吴江市| 大埔区| 开封县| 武山县| 石台县| 凌云县| 延安市| 瓦房店市| 来凤县| 张掖市| 乌兰浩特市| 南木林县| 长海县| 南召县| 道孚县| 西宁市| 邮箱| 通榆县| 乐陵市| 醴陵市| 宜宾县|