CSRC Tightens up Regulation over Leveraged Futures Investment
Yicai Global
/SOURCE : Yicai
CSRC Tightens up Regulation over Leveraged Futures Investment

(Yicai Global) Nov. 10 -- Following recent sharp rises in futures prices and growing volatility in the market, China's securities regulator stepped in to tighten control on leveraged investments.

China's Securities Regulatory Commission called on all its local offices and urged futures companies to strengthen risk management over their brokerage operations and ramp up risk prevention regarding leveraged futures investment activities, Yicai Global learned from a commission official.

Futures companies have been mandated not to operate any leveraged investment, or facilitate relevant activities. Local CSRC offices are required to take regulatory measures forthwith against any illegal activities conducted by futures companies once discovered.

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