This week, the China Banking Regulatory Commission (CBRC) will
collect feedback from the general public concerning its move to
allow commercial banks to participate in gold futures trading. This
signifies that with financial institutions expanding its presence
in futures trade, the futures market will play an increasingly
important role in China's financial system.
As a prospective player in the gold futures market, commercial
banks will expand their service scope and help narrow the gap
between domestic and foreign gold prices.
In addition, with other financial futures such as index futures
to be tradable in the future, the Chinese futures market will have
multiple players from the financial field such as banks, securities
brokers, fund management companies and assets management
firms.??
For more details, please read the full story in Chinese. (
http://news.xinhuanet.com/fortune/2008-02/03/content_7561320.htm)
(China.org.cn February 4, 2008)
