Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Brokers add capital for trading
Adjust font size:

China's futures brokerages are adding capital to prepare for the trading of stock index futures, the securities watchdog said in a conference in Beijing yesterday.


"Fifty futures brokerages out of a total number of 163 firms have completed boosting their capital," said Huang Yuncheng, vice director of the China Securities Regulatory Commission's futures department, adding that 35 of them now have registered capital of more than 100 million yuan (US$13.3 million).


Index futures would give China investors a mechanism to sell short in the stock market, betting on a drop in prices. That may help deflate the nation's rising stocks, the value of which exceeded the 2006 gross domestic product of US$2.8 trillion for the first time on August 9, said Bloomberg News.


Futures brokerages need to meet the regulator's capital requirements to be able to trade and clear stock index futures. Of the futures brokers with the most registered capital, 32 are controlled by securities companies, according to Huang.


(Shanghai Daily September 29, 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- QFII May Be Allowed Access to Index Futures Trading
- Supervisory System on Stock Index Futures Established
- Firms Get Futures License
Most Viewed >>
-China set to hit the brakes on rising yuan
-Macao's gaming market expands further
-Snow's economic toll temporary: economist
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号