China¡¯s derivatives market is developing rapidly and it has great potential in the eyes of most experts. As the Chinese government have announced, the new administrative rules that have been issued at the end of last year will boost the development of the derivatives trading among banks and financial institutions, which has been proved by the prosperity of CSI300 Index Futures.
According to CBRC figures for 2009, the trading volume on the domestic derivatives market reached 461.64 billion yuan in interest rates, 655.64 billion yuan in long-term bonds, and 801.8 billion US dollars in foreign exchange.
However, at the same time, the trading volume of OTC derivatives was less than 1 trillion US dollars while the total trading volume for derivatives world-wide was around 600 trillion US dollars, so China¡¯s trading volume accounts for less than 1/600.
As the new rules loosen the regulations, China¡¯s derivatives market is highly expected to meet a key moment in the process of development. However, in order to make the derivatives market become a harbor to mitigate risks, Chinese government have to take measures to perfect the supervisory system and strengthen the self-protection awareness of investors.
Global Derivatives China 2011 will bring together leading investors, bankers and corporate, mainly discuss the future of China¡¯s derivatives market and such derivatives based products as CSI300 Index Futures. |
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