Economy
CSRC vows to crack down on futures speculation
Updated: 2010-12-01 14:50
By Hu Yang (chinadaily.com.cn)
The China Securities Regulatory Commission (CSRC) said it will beef up supervision over the futures market to curb excessive speculation, echoing the State Council's call to stabilize prices and contain inflation.
The CSRC said Tuesday in a statement posted on its website that it will further complete trading rules to help enterprises manage price risks and enhance the commodity market's ability to serve the real economy.
Commodities, mostly agricultural products, have witnessed rapid price surges since July, but the CSRC said the current situation indicates a basically stable market with controllable and bearable risks.
|
The regulator recently launched a series of measures to clamp down on speculation, including increasing margins, daily price limits and trading costs, in a bid to help the government's price control efforts.
E-paper
Ear We Go
China and the world set to embrace the merciful, peaceful year of rabbit
Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order
Specials
Mysteries written in blood
Historical records and Caucasian features of locals suggest link with Roman Empire.
Winning Charm
Coastal Yantai banks on little things that matter to grow
New rules to hit property market
The State Council launched a new round of measures to rein in property prices.