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Opinion: China right to take slow road on futures

March 10, 2010  

From Pamela Tang

Trading in stock index futures is set to start next month in China after years of preparation. Investors say the minimum deposit of Rmb500,000 is too onerous, but the regulator’s push for a high entry barrier is the right one.

After years of waiting for China to launch its first stock index future, some commentators are already predicting muted demand for them. While likely to be true initially, that’s not actually a bad thing at all.

Domestic and foreign...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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