Threshold for index futures trade
Source: Xinhua |
January 16, 2010, Saturday
|
Print Edition
Print Edition
ANY individual who wants to trade stock index futures must have 500,000 yuan (US$73,206) minimum to open an account, said the Shanghai-based China Financial Futures Exchange yesterday.
Besides funds, an individual investor must pass an exam and have certain records on futures trade to participate in the investment, a CFFE spokesman said.
The Chinese Securities Regulatory Commission also issued draft regulations on requirements for stocks index futures investors yesterday to solicit public opinions.
Compared with stocks and bonds, stock index futures carry higher risks and thus dealers must have enough special knowledge, funds and capacities to stand risks, the commission said. The regulations aimed to protect investors, especially small ones.
China's securities regulator on Tuesday approved the CFFE to undertake stock index futures trade.
Stock index futures are an agreement to buy or sell an index at a preset value on an agreed date. Index futures would give investors a mechanism to profit from declines in stock prices, allowing them to hedge risks and helping ease fluctuations in the market.
Besides funds, an individual investor must pass an exam and have certain records on futures trade to participate in the investment, a CFFE spokesman said.
The Chinese Securities Regulatory Commission also issued draft regulations on requirements for stocks index futures investors yesterday to solicit public opinions.
Compared with stocks and bonds, stock index futures carry higher risks and thus dealers must have enough special knowledge, funds and capacities to stand risks, the commission said. The regulations aimed to protect investors, especially small ones.
China's securities regulator on Tuesday approved the CFFE to undertake stock index futures trade.
Stock index futures are an agreement to buy or sell an index at a preset value on an agreed date. Index futures would give investors a mechanism to profit from declines in stock prices, allowing them to hedge risks and helping ease fluctuations in the market.
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