China aims to launch stock index futures in 1st half of 2007
Chinese regulators are aiming to open the country's markets to stock index www.fobshanghai.com,H6j(D8S3k0D
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futures in the first half of this year. Fan Fuchun, vice chairman of the FOB Business Forum/{8D9_.H {:E
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meeting of the annual top legislative body and a broad-based national advisory
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.O;?6^'I-NFOB Business Forumorganization sessions. The CSRC had made a systematic research on the issues
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of fund companies' involvement in stock index futures, he said, without
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elaborating. International financial giants have reportedly been lobbying
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*\ _2O3o$D/cwww.fobshanghai.comChinese regulators to let them join the first batch of investors to trade the V-o8X:y*p7P"p
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nation's pioneering stock index futures. The trade of stock index futures
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6^9M2u&B#~5xwould be launched on the Shanghai-based China Financial Futures Exchange, CSRC FOB Business Forum:C5l/R,n-d&A!F;~(_
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chairman Shang Fulin said in October last year. Market watchers believe the 1V7f6p't;U ~)~
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introduction of such derivatives could provide institutions with a much-needed FOB Business Forum4X"M1U7P4v(K:f"U
0v._-w5`1U:l$w0e+D!T4aFOB Business Forumtool to hedge risks, but may also spur speculation and widen volatility. The "O1V8x _(F"m%T'v7[4N
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China Financial Futures Exchange, the country's first financial derivatives
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