China licenses first two financial futures brokerage firms

Discussion in 'Professional Trading' started by ASusilovic, Jul 18, 2007.

  1. In a major step toward introduction of financial futures trading, the China Securities Regulatory Commission (CSRC) has licensed the first two commodity futures companies to operate brokerage business in financial futures. The two companies, Beijing Yin Jian Futures Co Ltd and Shanghai Jiu Heng Futures Brokerage Co Ltd, are believed to have won the CSRC approval for their well-established security record of business operation and credible mechanism of risk management, market sources said.