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China Should Promote Bond Derivatives Market: Journal

CHINA PRESS
MNI (Singapore)

China's Financial Futures Exchange should research and design new products such as forward rate futures and treasury bond options and top financial regulators should form a joint force to promote the listings of more futures and options to better cover the interest rate curve, the China Securities Journal reported citing Jiang Yang, a former vice chairman of the China Securities Regulatory Commission. China should also open treasury bond futures trading to foreign traders in specific varieties to meet their growing demand for managing risks, as foreign investors’ holdings of Chinese bonds have exceeded CNY4 trillion, the newspaper said citing Jiang.

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