China boosts opening-up of futures market to attract global traders Xinhua | Updated: 2020-12-28 16:50 Share CLOSE China s drive to open its futures markets to the outside world has gathered pace with an ultimate goal to serve the real economy amid the country s efforts to seek high-quality development. [Photo/CFP]
BEIJING China s drive to open its futures markets to the outside world has gathered pace with an ultimate goal to serve the real economy amid the country s efforts to seek high-quality development.
China currently has seven kinds of commodity futures and options open to direct participation by international investors, after overseas investors were allowed to participate in the futures trading of a type of palm oil on Dec 22.
BEIJING (China Daily/ANN): China's financial watchdogs have required Ant Group, the financial technology arm of the country's e-commerce giant Alibaba, to rectify its major business lines to comply with laws and regulations, in order to ensure fair market competition and protect consumers' due interests, according to the central bank on Sunday (Dec 27).
China s drive to open its futures markets to the outside world has gathered pace with an ultimate goal to serve the real economy amid the country s efforts to seek high-quality development.
China currently has seven kinds of commodity futures and options open to direct participation by international investors, after overseas investors were allowed to participate in the futures trading of a type of palm oil on Dec. 22.
This came right after China launched the listing and trading of bonded copper futures contracts on Nov. 19, which are open to global traders.
The China Securities Regulatory Commission (CSRC), the country s top securities regulator, said Friday it will further expand the scope of specific futures varieties, enhance the participation of overseas traders and support overseas financial institutions in controlling or holding a stake in domestic futures firms.
2020-12-28 02:41:09 GMT2020-12-28 10:41:09(Beijing Time) Xinhua English
China s securities regulator has approved the initial public offering (IPO) of three companies on the science and technology innovation board.
The Guangdong-based Polyrocks Chemical Co. Ltd., Jiangsu Feymer Technology Co., Ltd. and Changzhou Galaxy Century Microelectronics Co., Ltd. will be listed on the Shanghai Stock Exchange s sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.
The companies and their underwriters will confirm the IPO dates and publish prospectuses following discussions with the stock exchange.
The STAR market, inaugurated in June last year and designed to support companies in the high-tech and strategic emerging sectors, eases listing criteria but adopts higher requirements for information disclosure.
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TOKYO, Dec 29 (Reuters) - Japan’s Daiwa Securities Group Inc plans to open its joint venture securities underwriting business in China in February, capitalizing on increased foreign access to the huge market, Chief Executive Seiji Nakata told Reuters.
China has unveiled a slew of measures in recent years to open up its financial sector - worth trillions of dollars - to foreign firms, including banks, fund management, brokerages and insurance businesses.
Daiwa’s plan to open an underwriting business with two local partners after the Lunar New Year, which falls on Feb. 12, will mark the return of Japan’s second largest brokerage and investment bank to China after a six-year absence.