BEIJING (XFN-ASIA) - Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said yesterday that the country has basically completed system and technical preparations for the launch of its first stock index futures, according to the official Xinhua news agency.
"The commission would continue the final preparations before officially introducing the stock index futures," Xinhua quoted Shang as telling the 2007 China Financial Derivatives Conference held in Beijing.
The country's new regulations on futures trading came into effect in April, extending its coverage from commodities futures trading to financial futures and option contract trading.
Shang said the commission will continue to provide training and risk-control education for institutional investors and managers that are interested in stock index futures.
The country's futures market, comprising of the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange, turned over a record 21 trln yuan last year, according to Xinhua.
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