The SFC is studying futures companies classification regulatory approach – Information Center – Finance
Posted on Sep-30-2007· by china investor
This reporter to the text
Futures Department of the China Securities Regulatory Commission vice chairman Huang Yun-cheng Friday in the "2007 China Summit Forum> Of these, 50 have been completed to increase their investment work. Companies controlled by the Securities Futures volume has reached more than 32.
He also said that the Commission is actively studying futures companies regulatory classification model, and fully mobilize around agencies, the futures exchange, futures industry associations and the monitoring of the power center, build "five> In members of the qualified applicants, Huang Yun-cheng pointed out that at present nearly 40 companies received financial futures brokerage business qualifications, seven companies trading clearing membership for the two companies to a comprehensive settlement Membership.
To ensure the smooth launch stock index futures, Huang Yun-cheng said that the regulatory authorities in laws and regulations, technology, personnel training, and six had made careful preparations, in particular the establishment of the spot market linkage futures regulatory coordination mechanisms.
Recently, the SFC unified deployment and coordination with China's financial futures exchanges, the Shanghai Stock Exchange, Shenzhen Stock Exchange, the China Securities Registration and Settlement Company signed a cross-market monitoring the agreement marks the spot market and the stock index futures market inter-institutional framework for collaboration market supervision the formal establishment. Construction is the main content, including information exchange mechanism to prevent market manipulation and insider trading mechanisms, risk warning mechanisms, risk control mechanism and common mechanism of a joint investigation mechanism, the five areas.
Huang Yun-cheng, the SFC has recently futures companies in the opening part of investors to carry out an inspection. Check taken checks, random manner. He stressed the need to actively carry out investor education, stock index futures investor education is an important part of the preparatory work, stock index futures is the key to success. The next step should continue to do a good job of institutional investors and managers, and other aspects of the popularity and publicity.
Shanghai Securities News
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