Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> M Stanley: New Mainland Derivatives Trading Rules More Market-oriented, Positive Catalyst for Major Brokers
Recommend 22 Positive 19 Negative 10 |
||||
|
||||
|
M Stanley issued a report noting that the China Securities Regulatory Commission released last Friday (15th) the long-awaited "Administrative Measures for the Supervision and Administration of Derivatives Trading (Trial)", following three rounds of consultation from 2023 to 2026. The final version is largely in line with the previous consultation draft, which had already shown greater flexibility compared with earlier versions. The bank believes the new rules will serve as a positive catalyst for major brokers, with profitability expected to become more differentiated depending on their ability to utilize balance sheets. It views the move as a milestone that paves the way for Chinese brokers to develop derivatives products under an effective regulatory framework and enhance international competitiveness. The final version removes specific product descriptions and simplifies requirements for derivatives contracts, leaving more flexibility for the market. It also streamlines the disclosures that brokers must provide to counterparties, focusing on contract valuation and effectively reducing compliance costs. In addition, the new rules no longer require brokers to submit trading objectives and strategies related to derivatives contracts to exchanges, making the framework more market-oriented. (da/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
