综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Firms licensed for financial futures brokerage

By Wang Lan (China Daily)
Updated: 2007-07-17 09:35

In a major step toward introduction of financial futures trading, the China Securities Regulatory Commission (CSRC) has licensed the first two commodity futures companies to operate brokerage business in financial futures.

The two companies, Beijing Yin Jian Futures Co Ltd and Shanghai Jiu Heng Futures Brokerage Co Ltd, are believed to have won the CSRC approval for their well-established security record of business operation and credible mechanism of risk management, market sources said.

Guo Zhinan, deputy manager of Shanghai Jiu Heng Futures Brokerage Co Ltd, said the approval was an indication of his company's efforts to meet the high standard of risk management and operational integrity demanded by the China Financial Futures Exchange (CFFEX).

Related readings:
 China may put off launch of stock index futures
 Illegal trades decrease at futures exchange
 Rules for financial futures reflect growing concern
 China may issue 1st financial futures licenses in a month

"A stable growth potential is our competitive edge, although our current turnover scale is not as big as some other futures companies," Guo said.

Many more commodity futures companies are expected to be licensed in the coming months, sources said. There are around 160 commodity futures companies in the country and many of them have applied for a license.

CFFEX hasn't specified the target date for the launch of trading in stock index futures, the first product. But industry insiders said preparations for the opening, including mock trading sessions to help familiarize traders, have been on for months.

The licensing of the first two commodity companies indicates the CFFEX's membership system is taking shape.

"Specifying the exchange's membership system is an important part of preparing for the final launch of the index futures and the approval of broker members is the initial step," said Li Jingyuan, an analyst with Hai Fu Futures Co Ltd.

In addition to broker members, there are also trading clearing members and all-round clearing members within the CFFEX membership system.

A trading clearing member is allowed to conduct clearing business for its clients, without having to clear the transaction through the all-round clearing members, who are qualified institutions like banks and other futures companies.


(For more biz stories, please visit Industry Updates)



察雅县| 股票| 大同县| 天气| 饶平县| 钦州市| 肇庆市| 新宁县| 抚顺市| 彭山县| 霸州市| 龙州县| 集安市| 新化县| 长宁区| 藁城市| 商城县| 开远市| 博野县| 津市市| 宜宾县| 柯坪县| 南和县| 扶余县| 娱乐| 卢龙县| 家居| 宽甸| 荔波县| 临邑县| 顺昌县| 东阳市| 丰台区| 剑阁县| 绥棱县| 开远市| 庆安县| 巩义市| 项城市| 禹州市| 南城县|