China Opens Door for Stock Futures Launch |
Wall Street Journal - Jan 8, 2010 |
China's State Council approved in principle the launch of stock index futures and a trial program for short selling and margin trading of stocks, all part of efforts to develop the country's capital markets.
No date was set for the much-awaited launch of the index futures. In a statement confirming the Cabinet's approval, the China Securities Regulatory Commission said it is expected to take around three months for launch preparations to be completed.
Beijing has for years balked at introducing potentially risky financial derivative and investment tools. The worry: They allow investors to bet against the stock market.
Read Full Article from Wall Street Journal
- Posted: 2010-01-08 10:35:23
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