China will gradually develop corporate bonds and financial
derivatives to provide investors with effective risk management
tools, Shang Fulin, chairman of China Securities Regulatory
Commission (CSRC), said on Sunday.
CSRC will continue to boost the ratio and scale of investment in
capital markets by the insurance, annuity, and social security
funds, Shang told a forum held in southeastern Chinese city of
Shenzhen.
He called on institutional investors to explore new, effective
ways to educate individual investors of risks involved in buying
securities.
CSRC will also take further measures to boost regulatory level
and to clamp down on illegal market activities, the chairman
added.
To achieve the goal, CSRC has implemented "real name
registration system", one of the preparations made for the debut of
stock index futures, for futures investors starting from
Saturday.
It ordered investors to open accounts carrying their own ID
cards and futures brokers to take pictures of the investors.
For those who opened accounts before Saturday, they need to
provide relevant data in six months.
The "real name registration system" will help boost transparency
of the futures markets, protect legitimate rights and interests of
investors, and effectively guard against financial crimes such as
money laundering, a CSRC official said.
(Xinhua News Agency December 3, 2007)
