By Reuters Staff
2 Min Read
SHANGHAI, Dec 19 (Reuters) - China will accelerate the rollout of futures and options for natural gas, refined oil and peanuts to help price discovery, a senior securities regulator said on Saturday.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, also told a forum in Shenzhen that the country’s planned expansion of its capital markets would require a more sophisticated financial derivative market.
“Currently, China’s financial futures and options market is at an early stage of development,” Fang said in a speech that was published by the China Futures Association.
“It far lags market participants’ growing needs to manage their risks. It also fails to keep pace with China’s economic development and financial reforms.”
瑞達期貨：關於董事辭職及補選第三屆董事會非獨立董事的公告 sina.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.tw Daily Mail and Mail on Sunday newspapers.
January 11, 2021, 8:40 am ·
Landing International Development Limited faced the beginning of the year with US$13.4 million in cash reported missing.
The missing money belonged to the group in Jeju South, Korea and was reported missing on Jan 4, 2021. The company is currently searching for one of its employees who was reported missing along with the significant amount of money.
The management has not been able to
reach the missing employee who is the alleged perpetrator of the crime since he was in charge of the funds.
The case was immediately reported by the company and the police in South Korea are currently investigating it.
By Addison Gong
11 Jan 2021
In this round-up, consumer inflation in China turns positive in December, Beijing announces rules to protect Chinese companies from sanctions of foreign governments, and the banking and insurance regulator hands a Rmb200m ($30.1m) fine to financial institutions including China Development Bank and Industrial and Commercial Bank of China.
China’s December Consumer Price Index (CPI) rose 0.2% year-on-year, taking the 2020 full year CPI growth to 2.5%, data released by the National Bureau of Statistics on Monday morning showed. The Producer Price Index (PPI) slid 0.4% last month.
The recovery in inflation last month was largely thanks to a rebound in food prices 8.5% month-on-month for fresh vegetables and 6.5% for pork and a monthly rise of 5.1% in fuel prices, noted Commonwealth Bank of Australia’s China economist, Kevin Xie, in a Monday note. Xie expects the annual CPI growth to fall to 1% in 2021 from 2.5% in 2020.
騰信股份：關於公司董事、高管辭職並擬變更董事的公告 sina.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.tw Daily Mail and Mail on Sunday newspapers.