CHINAEUROPE AFRICAASIA 中文双语Français
Business\Markets

Top securities official calls for innovation in futures market

chinadaily.com.cn | Updated: 2017-06-01 13:39

Top securities official calls for innovation in futures market

Fang Xinghai, vice-chairman of China Securities Regulatory Commission, looks on during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2017. [Photo/VCG]

China plans to actively encourage commercial banks and overseas institutional investors to participate in the domestic futures market, an official with the country's securities regulator said.

In an article published in People's Daily newspaper on Thursday, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, writes China should speed up reform and innovation in the country's futures market.

Fang said the market participant structure should be further optimized, revealing that the CSRC is considering letting commercial banks participate in the treasury futures market in a bid to strengthen risk management and ensure the stable development of the domestic financial market.

China will actively introduce more futures products and trading modes, improving the risk management function of the derivatives market, Fang said.

The CSRC is also speeding up preparations to launch crude oil futures, as well as possible futures markets for cotton yarn, pulp, hogs, red dates and apples, Fang said. Furthermore, the plan to introduce foreign investors to financial futures is underway, Fang added.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US