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Long road ahead for Chinese derivatives

by Colin Packham, Sydney

Industry professionals have warned that there is still much to accomplish in developing Chinese market infrastructure before any successful Chinese derivatives market can develop. “The Chinese government attitude towards derivatives is to use them as risk management tool,” said Claire Hammond, special advisor China, HSBS Holdings, speaking at London Derivatives Week,. “[The Chinese government] have realised, perhaps belatedly, that capitals market reform has to come to the top of the agenda,” Hammond added.She said...

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