Politics & Regulation

China modifies its regulations concerning futures trading


In the latest round of reforms, the Chinese government has revised the rules for futures trading, opening yet another door for the creation of hedge fund strategies in the country.

The new directive, entitled “Decision of the State Council on Amending the Regulation on the Administration of Futures Trading”, will come into effect on 1 December.

It clearly defines ‘futures trading’, and also does away with regulations related to ‘disguised’ futures trading.

Many in the industry see it as a step to facilitate the needs of the crude oil futures product, which is expected to be launched soon