Money

China to step up supervision of futures market

(Xinhua)
Updated: 2010-12-04 16:04

SHENZHEN -- China will intensify its supervision and regulation of the futures market, and severely crack down on insider trading and market manipulation, according to the country's securities regulator.

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Jiang Yang, Assistant to Chairman of the China Securities Regulatory Commission (CSRC), said Friday at the sixth International Derivatives Forum held in Shenzhen, Guangdong province, that risk management should be the priority in developing China's futures market.

As the market environment at home and abroad is rapidly changing, those involved in the futures market should fully analyze and research into the factors that may incur risks, the forms of risks and how to manage them.

Jiang said the CSRC will consistently reinforce market supervision and further improve the trading rules of the futures market.

The regulator will also severely crack down on market manipulation and curb excessive trading and speculation, according to Jiang.