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Stock index futures to enter market in mid-April

Zhu Yuchen, CEO of China Financial Futures Exchange (CFFEX) and a deputy of the 11th National People's Congress, said Monday that preparations for stock index futures are completed and will enter the market in mid-April, according to a report in the Secur

Zhu Yuchen, CEO of China Financial Futures Exchange (CFFEX) and a deputy of the 11th National People's Congress, said Monday that preparations for stock index futures are completed and will enter the market in mid-April, according to a report in the Securities Times.

The operation of stock index futures is predicted to be stable, although the current volume of opening new accounts is small, said Zhu.

CFFEX made an official announcement Monday night, saying that on March 13 and 14 and March 20 and 21, it will test the market system for the stock index futures. Also, CFFEX will organize members to test specific fields of the system, according to the announcement.

In accordance with the arrangements of the China Securities Regulatory Commission (CSRC), together with futures exchange companies and the China Futures Margin Monitoring Center (CFMMC), CFFEX will conduct a joint test on various businesses in the market, the announcement said.
 

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