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Xinhua News Agency, Beijing, January 8 - Title: China will launch margin trading and stock index futures market mechanisms of capital improvements made

has twists and turns of the stock index futures margin and 8 finally approved. China Securities Regulatory Commission announced that the State Council has agreed in principle to launch margin trading pilot, and launch stock index futures varieties. Those in the industry believe that if these two businesses have been developing smoothly, with “unilateral market” abuses of China’s capital market is expected to take to achieve the goal of a stable and healthy development.

Securities Regulatory Commission official said, the SFC will be in accordance with the “pilot first, and gradually push” principle, comprehensive measure of net capital size, compliance management, risk control and other indicators of net capital and pilot implementation of the program readiness choose the best quality securities companies operating margin of the first pilot, pilot case and according to market conditions, and gradually expand the scope of the experiment.

on stock index futures, the official said, the Commission will co-ordinate the pre-IPO stock index futures preparations, including the release of stock index futures Investors in the system, specifically financial institutions, access policy, approval of stock futures contracts and the training of Securities Intermediary Services and the China Financial Futures Exchange to accept investor accounts and so on. The work is expected to take about 3 months. China Financial Futures Exchange and all parties concerned to continue to do index futures traded on the preparatory work to ensure a smooth launch.

margin trading and stock index futures have similar twists and turns the birth process, these two business functions are short because there are controversial in China. Side view, a major Chinese stock market fluctuations due to the lack of the means of such short, investors can only rely on the stock market up to make money, this accumulation of foam, and plunged the future brings. The other view is that China’s most basic part of the capital market is not perfect, if the premature development of derivatives and the like of the superstructure will bring even greater problems.

In 2006, the Commission had already issued “Securities Margin Trading Pilot Internal Control Guidelines” and “Securities Lending and Borrowing Business Administration of Pilot\October 2008, the Commission announced by the State Council, will soon launch margin trading business of securities companies experiment. However, the global financial crisis has affected the pilot’s start again on hold.

conceived the same ups and downs of stock index futures. In September 2006 by State Council,Nike Air Jordan Shoes, the Commission approved the establishment of the China Financial Futures Exchange, the stock index futures,Nike Shox 309 NZ Mesh, systems and technical preparatory work has continued,hijordan, many rumors launch stock index futures market, and caused the stock market volatility, but are not make the trip.

“the current overall capital market stable, healthy stock from the price formation mechanism, and promote long-term stable development of the stock market starting, the current launch of stock index futures ripe, preparations have been completed.” SFC official said.

3 years, the China Financial Futures Exchange completed the Shanghai and Shenzhen 300 Index Futures Contract, rule-making and trading stock index futures linked to the technology plate system construction, and conducted investor education.

is irreversible despite the launch, but the market is that, from the foreign experience, stock index futures is a double-edged sword. As the stock index futures trading with margin, high leverage prone to greater risk, if investors are improperly used,RL Solid Polo Shirts Men’s, the market is lax, in the early stage of development of capital markets may produce some adverse effects.

analysts believe that stock index futures, stock market, margin trading is risk management tool, will not change the macro-economic development, profitability of the business entities, such as those rooted in economic fundamentals, and not will change the fundamental operation of the stock market situation.

“stock index futures will improve market information transmission mechanism, improve the stock market operation mechanism, and enhance the efficiency of stock market prices to form a more balanced stock market,Ed Hardy Womens Shoes, changes in China’s stock market” unilateral market “status.” China University of Political Science Professor Liu Jipeng said.

However,Nike Shox R4 Transparent Fundus, experts advise, should be concerned about early introduction may lead to adjustments and fluctuations in the stock market. (Xinhua Xiao-Hui Zhao Tao Junjie) (Source: Xinhua)
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