All Entries Tagged With: "China"
China Everbright Securities Live With ULLINK OMS
ULLINK, provider of low-latency connectivity and trading solutions for the global financial community, announced April 19 that CHINA EVERBRIGHT SECURITIES went live with ULLINK’s comprehensive order management solution in Hong Kong. The solution includes electronic client order collection from multiple networks, care order management with institutional trading front-ends, pre-trade risk management, and direct market access [...]
China Widens Yuan Trading Band Around USD
The People’s Bank of China (PBOC), or the country’s central bank, announced April 14 it will widen the yuan’s daily trading limit against US dollar currency to 1 percent beginning Monday. In the foreign exchange spot market, Chinese banks can exchange the yuan 1 percent above or below the central parity against the US dollar [...]
China Merchants Securities Implements NASDAQ OMX’s SMARTS Broker
China Merchants Securities (HK) Co, Ltd. (“CMS”), a wholly owned subsidiary of China Merchants Securities Co., Ltd (“China Merchants Securities”), has implemented NASDAQ OMX’s SMARTS Broker solution for surveillance and compliance monitoring of its equities trading activity. CMS’ compliance team will use the SMARTS Broker solution to enhance surveillance capabilities in monitoring both client and [...]
China Regulator: More Futures and Derivatives Planned
The chairman of the China Securities Regulatory Commission (CSRC) vowed March 29 to develop the crude oil futures market and speed up creation of new financial derivatives. “The regulator will push the reform of the futures market at a faster pace in order to make it better serve the country’s economic growth,” Guo Shuqing, chairman [...]
China Xin Yongan Joins HKMEx
The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, announced March 19 that China Xin Yongan Futures Company Limited has been approved as a broking member, making it the fifth member to join HKMEx in 2012, on the heels of Jefferies Bache’s admission last week as a clearing member of the Exchange. The HKMEx membership [...]
China Mulling Resumption of T-bond Futures
China Financial Futures Exchange (CFFEX) is mulling resumption of treasury bond futures trading, but a timetable has not been set, Zhu Yuchen, general manager of the CFFEX, told Xinhua. The CFFEX has completed the initial design of the futures contracts tracking a four-to-seven-year medium-term bond, Zhu said on the sidelines of the country’s annual parliamentary [...]
Shanghai Exchange to Strengthen Supervision on Blue Chip Market
The blue chip investment has increasingly become the common concern of both regulatory authorities and market participants. The SSE, with an aim of building a blue chip market, is faced with both arduous tasks and rare development opportunities. “Under the current circumstances, the SSE blue chip market has begun to take shape. By the end [...]
Bank of China and CME to Seek Wider Use of Yuan
Bank of China Ltd (BOC), one of China’s “big four” State-owned lenders, formed a tie-up with the world’s largest futures exchange operator on Wednesday February 29, through which the two parties will explore yuan settlement and clearing opportunities for commodities. The cooperation agreement provides for trading in contracts related to oil, interest rates, grains and [...]
CSRC to Curb Speculation
China’s top securities regulator is seeking methods to curb irrational speculation. The measures may include improving the delisting mechanism and a more efficient risk-warning system for private investors. The main reason most private shareholders suffered serious losses over the past two years was immature governance of the capital market and a weak regulatory system, according [...]
Bank of China Moves Closer to LME Membership
Bank of China International (BOCI) is on track to become the first Chinese member of the London Metal Exchange – giving the bourse a boost while it is considering possible takeover bids – following authorisation by the UK financial regulator. The addition of a Chinese member to the world’s biggest metals market is expected to [...]
