Mainland stock regulators will likely launch the country's first
stock index futures contracts at the end November, sources close to
the securities watchdog were quoted as saying today.
The country will unveil a timetable for the launch of the index
futures later this month after the 17th National Conference of the
Central Commission of Communist Party of China, Hong Kong-based
Finet reported, citing unnamed sources.
The index futures will be put into formal operation late in
November and Qualified Foreign Institutional Investors won't face
legal hurdles to trade the derivative, according to Finet.
Huang Yuncheng, deputy director of the futures department of the
China Securities Regulatory Commission, said the market is prepared
and the regulator is on track to educate investors.
Zhang Xiaogang, the head of the research and development
department of China Financial Future Exchange, said a high
threshold will be set at the beginning to prevent the market from
overheating.
(Shanghai Daily October 8, 2007)
