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By Liao Yingmin　

Date: 2004/03/27

Abstract:

In 2003, although there were no new products introduced in China's futures market, it still grew rapidly based on tapping its internal potentials and made a historical high in terms of trade magnitude. Yet, problems remained in the defective listing mechanism and blurry liabilities of the broker companies, which held back the steady development of the futures market. The year 2004 will likely to invigorate China's futures market with the favorable policy of "steadily developing the futures market in China" made at the Third Plenary Session of the 16th CPC Central Committee and usher in a new development period for China's futures market.