by Laurence Davison
International users may still have access to China's planned
financial futures blocked as a result of regulatory concerns
about market manipulation. Although it had been hoped that the
launch of equity index futures at China Financial Futures
Exchange (CFFE), expected by the end of March, would allow
overseas use from day one, reports emerging from China have
suggested that this may not be the case.
Details remained unclear, with regulators unable to be reached
for comment, but local press quoted a source at China's
Securities Regulatory Commission expressing concern that
qualified foreign institutional investors (QFIIs) may be able
to manipulate China's domestic share market by using futures in
Hong Kong or the forthcoming mainland products.
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