Hi everybody, I'm wondering if anyone want to invest in China's futures market, especially the stock index futures that just came out on April this year?
First thing first, you have to be a CHINESE, and with a minimum of 500,000 RMB to open an account for Index future. Insane? that's right. For commodity futures, again CHINESE + you can show your reading and writing skills when you open an account with a broker, all docs are in SOLE Chinese. Or you can find ways to become an "institutional investor".
500,000 RMB is about $63k USD, doesn't seem that much for a futures account. This American is working hard in China, working his way to the top. You can do it too. 1500 RMB a month with room and board and all the Mandarin he can speak.