China is set to introduce the first stage of margin trading and short selling in its equity markets at the start of December, but sources in the country disagree on whether this is an encouraging sign for the eventual launch of equity index futures.
The China Financial Futures Exchange was launched two years ago but has so far not begun trading, as regulators have had cold feet about permitting financial futures.
Fang Xinghai, director general of Shanghai’s Financial Services Office, was reported in local media on Monday November 17 as saying the China Securities Regulatory...