Accumulator is rapidly eradicating China’s moneybags
Posted on Apr-25-2009· by china investor
Recently, the news that China’s moneybags having been eliminated quickly by financial derivatives is published constantly, among them, one person lost the largest loss of hundreds of billion RMB only because of Accumulator.
Hong Kong GDP last year’s 160 billion U.S. dollars, but in Hong Kong last year, the gross value of the Accumulator in more than 100 billion U.S. dollars.
Many Chinese moneybags was informed lost all the funds and owed a large amount of money after investing tens of millions of dollars in a few months by financial institutions.
It is obvious that we need to increase financial derivatives regulation of financial institutions.