Deposit rate for futures bourse down to 12%
By Zhu Shenshen |
June 28, 2012, Thursday
|
Print Edition
Print Edition
THE China Financial Futures Exchange will cut the deposit for the country's sole stock index futures product so that more investors will be able to access it as the time is ripe to stimulate more active trading.
The deposit for the CSI 300 Index futures will be cut to 12 percent from 15 percent tomorrow, the exchange said on its website yesterday.
Trimming the rate will make the futures market more accessible to investors who will pump in extra liquidity as they look for alternatives since the stock market is volatile, analysts said.
The stock index futures product was launched in April 2010. The deposit rate then was 15 percent, relatively high compared with overseas markets.
The deposit for the CSI 300 Index futures will be cut to 12 percent from 15 percent tomorrow, the exchange said on its website yesterday.
Trimming the rate will make the futures market more accessible to investors who will pump in extra liquidity as they look for alternatives since the stock market is volatile, analysts said.
The stock index futures product was launched in April 2010. The deposit rate then was 15 percent, relatively high compared with overseas markets.
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