12/19/2020
(Adds comments from Zhengzhou exchange on chicken, peanut
futures)
SHANGHAI, Dec 19 (Reuters) - China will accelerate the
rollout of new commodity futures and options including natural
gas, refined oil and peanuts as it sets out to develop its
derivatives market amid increasing demand, a senior securities
regulator said on Saturday.
Fang Xinghai, vice chairman of the China Securities
Regulatory Commission, told a forum in Shenzhen that a planned
expansion of China s capital markets would require a more
sophisticated financial derivatives market. Currently, China s financial futures and options market is
at an early stage of development, Fang said in a speech
China releases roadmap for global Legal Entity Identifier application beijingbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beijingbulletin.com Daily Mail and Mail on Sunday newspapers.
China Has A $15 Trillion Problem With Economic Reality written by Forbes December 19, 2020
Night view of Shanghai, China.
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China’s James Carville moment may have arrived.
The reference here is to comments dating back to 1993, when the Clinton administration found itself hemmed in by the bond market. Any hint that the White House might expand the budget deficit sent debt yields skyrocketing. ADVERTISEMENT
That prompted Carville, senior advisor to Bill Clinton, to remark: “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.”
Article content
SHANGHAI China will accelerate the rollout of new commodity futures and options including natural gas, refined oil and peanuts as it sets out to develop its derivatives market amid increasing demand, a senior securities regulator said on Saturday.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, told a forum in Shenzhen that a planned expansion of China’s capital markets would require a more sophisticated financial derivatives market.
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“Currently, China’s financial futures and options market is at an early stage of development,” Fang said in a speech published by the China Futures Association.
China releases roadmap for global Legal Entity Identifier application - Xinhua xinhuanet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xinhuanet.com Daily Mail and Mail on Sunday newspapers.