CBRC plugs derivatives

Speaking at the FX Week China congress in Beijing last Tuesday (May 6), Yin said to curb the development of the derivatives market would be a huge disservice. “Innovations comes in the quest for greater efficiencies, but also represents reform in societal advances,” said Yin.

Drawing a parallel between the development of the derivatives market and the introduction of automobiles, he said regulation, organisational structures and supervision have to evolve to support the new market dynamics. “The

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