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 / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Financial derivatives market developments revealed
Adjust font size:

It is the high time for unveiling the financial derivatives market, said Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress (NPC), at the ongoing 2007 China Financial Derivatives Conference held in Beijing on October 27.

According to Cheng and other high-level financial officials from the central bank, China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC), and China Insurance Regulatory Commission (CIRC), financial derivatives including stock index futures, interest rate futures, foreign exchange rate futures, and bond futures will come to the market as soon as preconditions are met.

Cheng pointed out that the efficiency of China's financial system lags far behind developed countries. For example, the per-capita profit of the banking industry is much lower than those in developed countries. Moreover, there are pending problems in China's stock and futures markets.

Developing financial derivatives can enhance the nation's financial efficiency and capacity for risk prevention and strengthen international competitiveness, noted Cheng. He also called the steady development of a healthy financial derivatives market based on the demands of economic development and enhancement of supervision, following the principle of opening up under governance.

For more details, please read the full story in Chinese. (

( October 29, 2007)

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

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

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