China's top securities regulator said China would step up its research and creation of financial futures to prepare for the listing of the financial products at an opportune time, Shanghai Securities News reported Saturday.
Shang Fulin, chairman of the China Securities Regulatory Commission, was quoted on Saturday by the newspaper as saying China would strongly push forward the expansion of the country's futures sector in a stable and healthy manner in the coming few years.
Shang made those remarks at a national meeting held on Friday by the country's futures association.
He urged futures companies to improve their corporate governance and stockholders' structure, boost their operating capability, improve their risk control mechanism so as to make good preparations for listing financial futures products.
Meanwhile, China would also continue its efforts to consolidate and expand its commodity futures sector, said Shang.
Yang Maijun, director of Futures Department of the commission, told the newspaper that preparation has been accelerating to list financial futures.
(Xinhua News Agency June 3, 2006)
