Politics & Regulation

China’s new index futures rules cheer domestic managers


China’s much-anticipated market in stock index futures was launched in early April, but industry players say foreign funds will not benefit until regulators outline rules that enable them to access the market.

Tiecheng Yang

Up to now, the only foreign firms permitted to trade futures in China were those with a commodity futures brokerage licence, granted only to those that have established a joint-venture with a Chinese partner. However, Tiecheng Yang, a Beijing-based partner at Clifford Chance, said the new guidelines for investment in stock index futures trading of securities companies and securities investment funds