Latest News:  
Beijing   Sunny    13 / 3   City Forecast

People's Daily Online>>China Business

CSRC urges to speed up building of crude oil futures market

By Xu Zhifeng (People's Daily)

14:57, March 30, 2012

Edited and translated by Ye Xin, People's Daily Online

The Chairman of China Securities Regulatory Commission(CSRC)Guo Shuqing recently urged to speed up the building of China's crude oil futures market and strength the nation’s pricing power in the international market.

Guo pointed out that the capability of the intermediary services of futures companies needs to be further strengthened in order to provide better professional services on risk management and hedging for small-and-medium sized enterprises.

The critical function of the futures market is managing risks and trading risks. It is necessary to avoid systematic and regional risks. We should consider risk prevention as the lifeline of the development and monitoring work of the futures market, said Guo.

In addition, Guo emphasized that we will adopt "zero endurance" attitudes to misconduct and legal activities such as market manipulation and fraud, and strictly enforce market discipline.

Read the Chinese version at http://paper.people.com.cn/rmrb/html/2012-03/30/nw.D110000renmrb_20120330_1-10.htm

Email|Print|Comments(Editor:韩莎莎)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Dangerous poisons in our dinner table

  2. Female martial arts teacher in Wuhan

  3. S. Korea, U.S. carry out live-fire drills

  4. Underwater museum reopens in SW China

Most Popular

Opinions

  1. BRICS mulls joint bank
  2. How far away are we from nuclear terrorism?
  3. Benefits, not values, define BRICS unity
  4. China slams Japan's move over Diaoyu Islands
  5. More efforts needed for enhancing nuclear security
  6. Chinese solar companies to fight US tariffs
  7. South China Sea mapping underway
  8. Safer world, safer energy
  9. Keep talking, Hu urges
  10. US' human rights violations

What's happening in China

Cabinet OKs school bus safety draft

  1. Ratio of male, female shows consecutive falls
  2. Sichuan to deploy dogs for cultural relic protection
  3. Chinese police crack major gambling case
  4. Netizens go to court over 1 yuan trips
  5. Work begins on final Three Gorges dam

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai