Chinese officials last week announced that they will intensify supervision and regulation of the futures market and crack down on insider trading and market manipulation. Jiang Yang, Assistant to Chairman of the China Securities Regulatory Commission (CSRC), said on December 10 that risk management should be the priority in developing China's futures market.
As the market environment at home and abroad rapidly changes, Jiang said those involved in the futures market should fully analyze and research factors that may incur risks and how to manage them. Jiang added that the CSRC will consistently reinforce market supervision and further improve futures market trading rules. Regulators will also crack down on market manipulation and curb excessive trading and speculation, according to Jiang.
