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Futures transactions real-name system for the smooth operation of the first day of City News _ _ _ Sina Sina Financial

Posted on Jun-03-2008· by

â–¡ this reporter Li Mid-Autumn Festival Shanghai

Yesterday, the domestic futures market usher in "real-name system for futures," Xiashou trading day, reporters from around the regulatory bodies, futures companies, trade associations, etc. that, as of yesterday, except for dormant accounts and accounts of more than 90% of the real-name system has been completed to open an account. Some regulatory agencies, June 1 area has not yet been completed, the work of the real-name system, developed by the programme to avoid the associated risks. From the date of transactions, the market overall is stable.

"Real-name system," the smooth progress

November 5 last year, the China Securities Regulatory Commission issued "on further strengthening the futures companies to open an account the real-name system links the work of the notice" and urged all futures companies this year on June 1, in accordance with the requirements of investors checking accounts, collection and preservation of investors image Information on the real-name system does not meet the requirements of the futures investors restricted opening the granary. Subsequently, all according to their own futures companies have steadily promote the characteristics of the real-name system work.

According to this reporter on various parts of the past 20 futures companies random interview that the current real-name system for individual accounts of the company are not less than 90 percent. Beijing area of the overall data showed that as at May 16, the area futures companies, Total 41,527, 25,815 had been completed and released from the dormant 12,973 customers, the completion of the real-name system requirements are still 2,739 customers, the only area 6.6% in the number of customers, customers are basically not add images. Although the data is still accurate statistics, but the official Shanghai area yesterday told reporters, "has been basically completed, the situation well."

Luo Xufeng, general manager of the South China Futures, told reporters after the company adopted "by promoting the interests of customers" in the real-name system work. As of May 30, the company's more than 17,600 customers, in addition to more than 1,300 dormant accounts, nearly 99.9 percent of the rights and interests of customers or the real-name system has been completed to open an account. "In order to complete the company's goal, we almost gave up a two-month market development work," Luo Xufeng said.

A smooth first day of trading

According to regulations, the real-name system has not yet been completed yesterday to open an account of the accounts, futures companies will be locked to its accounts and can not re-open a new warehouse. To this end, "the real-name system" will lead to futures transactions scale decline, the market had caused controversy and concern. But yesterday's comprehensive look at the situation, the scale of basic market transactions were not affected.

"Our agency business volume has not changed, the normal customer transactions." After the close yesterday, the Shanghai Futures general manager of the company said. Three futures exchanges in trading volume, trading yesterday on the period amounted to 116.2 billion yuan, Tai Shangsuo transactions amounted to 54.7 billion yuan, Zheng by trading amounted to 53.5 billion yuan, with May 30 the three major market 106.9 billion yuan , 87.8 billion yuan and 67.1 billion yuan compared to a slight growth in the Shanghai market, Dalian and Zhengzhou slightly shrinking market, the operation of the market more stable. Luo Xufeng that, as most companies prepare a full, real-name system transaction, basically does not affect the trading volume.

In order to maintain market stability, a number of supervisory departments will continue to strengthen未尽work. Such as the Beijing area suggested that the real-name system, the completion of a total of 10 million yuan more than in the interests of the futures companies, will be focused on targets, and asked these companies promptly report the daily progress of work.

And two weeks ago, the Department of Futures Commission has been sent to further the clear requirement, the agency dispatched to the scene on time and strict supervision of the company to complete this work, then the Organization of the futures company checks; Sichuan Ji for the investors can temporarily Do not stop the implementation of the provisions of a new warehouse; futures companies to step up publicity work, the company's Web site suggested that the real-name system requirements, while in the trading system pop-up tips, and so on.

chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.

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