CFFEX to promote banks, insurers' participation in treasury bond futures
BEIJING, May 29 (Xinhua) -- China Financial Futures Exchange (CFFEX) will further promote commercial banks and insurers' participation in treasury bond futures market, according to Chen Han, deputy general manager of CFFEX, on Wednesday.
Chen made the remarks at the 11th Shanghai Derivatives Market Forum held inShanghai on May 28-29.
In the mature interest rate derivative market, banks and insurers are important participants. The diversified investors are an important guarantee for the smooth running of market.
At present, commercial banks and insurers have yet to participate in the country's treasury bond futures transactions. The exchange is urging regulators to issue policies to allow banks and insurers to join the market, said Chen. (Edited by Hu Pingchao, email@example.com)