Saturday, May 28, 2022

Chinese lawmakers adopt law on futures, derivatives

Must read

- Advertisement -

Chinese lawmakers on Wednesday voted to adopt a law on futures and derivatives to better protect investors’ interests and develop the futures market in favor of the real economy.

The law, to take effect on Aug. 1, was approved at a session of the Standing Committee of the National People’s Congress, China’s top legislature.

Li Zhengqiang, researcher at the University of International Business and Economics, said that China’s financial derivatives market, one of the largest in the world, requires a law specifically made for its regulation.

China’s futures market posted record-setting trading volume and turnover in 2021, which stood at 581.2 trillion yuan (about 90.8 trillion U.S. dollars) and over 7.5 billion lots, respectively, data from the China Futures Association showed.

READ ALSO:   China’s former secret police agent jailed for life


- Advertisement -

More articles


Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -

- Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -