Following the stock index futures and margin trading, the market had expected the international board would be the next big innovation.
reporter analysis.
construction of the OTC market, the industry used to call the now concentrated in the Zhongguancun Science Park, is now only institutional investors can participate in transactions. Current authority for the Securities Association of China, hung on the Shenzhen Stock Exchange Trading System.
small QFII released before the international board
there is a greater impact on the market, the Commission clearly stated in this year launched the The current margin trading business is to broker its own funds and Quanzhong to be difficult to expand. The refinancing, by the banks, funds and insurance companies provide funds and securities, and through the broker channel will provide the funds and securities margin customers, will greatly expand the scale of margin trading, the pilot has entered would constitute a substantial positive broker.
to expand the pilot into a top priority in Zhongguancun
but only at the meeting, said Shang Fulin, study and formulate the rules of the international panel system, fully carry out the technical preparations to promote international panel construction. Analysts believe that the market
CSRC Chairman Shang Fulin from deployment at the meeting this year focus on priorities of view, Zhongguancun, extend them, and speed up construction of a unified national OTC market regulation, listed in the first place.
2011 years, other priorities include support for the bank to exchange the bond market to carry out transactions; to promote the resolve intra-industry competition, reduce connected transactions Moreover, according to the requirements of the Commission, this year will focus on M & A system construction, and for the first time at the annual meeting on the work of a
However, the well-known economist Han Zhiguo worry that the new expansion of the three panels of A-share market on the fragile is undoubtedly worse, the GEM and the impact on small plates will be particularly severe. It is noteworthy that the GEM has become the norm break new shares on Thursday, a pioneer of new material listed on the first day of the intraday decline due to excessive, was the Shenzhen Stock Exchange to implement temporary stop, as a result of the GEM Listing crash was the first day of the first temporary stop a single.
the year 2011 set the tone for capital market development strategy of the national work conference on securities and futures regulators recently ended, as the newspaper had predicted they would expand the scope of the pilot in Zhongguancun, a national off-site supervision of construction of a unified market, this year Leading the work of the Commission first, and had high expectations of the international board is still no timetable.
compared to the international board, SFC this year to
supervision of the National Securities Futures Commission meeting for the regular meeting of each year, a period of two days. From past experience, a major breakthrough in the stock market each year during the session are clues. 2009 annual work conference that gate.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
Recently, this reporter learned from relevant departments of Guangdong Province, Guangzhou High-tech Development Zone, Foshan National Hi-Tech Industrial Development Zone, Zhongshan Torch Development Zone, Guangdong Province, three high-tech zones and relevant departments have already submitted the Commission into the
In addition, trading system, three new board will also be a breakthrough. One eligible individual investors, is also expected to participate in the new three-board transactions, currently only open to institutional investors, the minimum trading unit is also expected from the previous 3 million split into 1,000 shares; the other hand, the introduction of market makers system.
the Commission's of the OTC market.
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