China to open derivatives bourse to foreigners

Discussion in 'Current Affairs, News and Analysis' started by PartTimePongo, Sep 7, 2006.

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  1. Now this is interesting.........

    http://today.reuters.com/summit/summitarticle.aspx?type=summitNews&summit=ChinaCenturySummit06&storyid=2006-09-07T130948Z_01_T128529_RTRUKOC_0_US-SUMMIT-CHINA-EXCHANGE.xml&src=090706_1243_FEATURES_reuters_summits%3A_china

    Fortune and glory , or the South Sea Islands trading company?
     
  2. This is basicaly another round in the endless Shanghai V's the Beijing / Hong Kong Axis saga. It will be very heavily regulated and not really applied in normal 'free market' principles.
     
  3. Will it be like Thailand (SET) and all profits be TAX FREE.
    john
     
  4. I seriously doubt it John
     
  5. If it's anything like the FICE (foreign investor commercial enterprise) program they introduced in the last two years or so it will be a great idea in theory and a real haemorroid in practice.

    lancslad
     
  6. as with all things in China Lancslad, it depends who you know
     
  7. Not just China in this region, although from experience they've still some serious catching up to do with Indonesia, the Philippines and Thailand on the "back hander" index :D

    lancslad