(单词翻译:单击)
政府加快开放期货业
Although the futures1 industry is the only financial sector2 that has no set timetable for opening-up under China's WTO commitment, there are signs that the government is already moving fast on this front.
The quick pace, which became apparent late last year, is expected to stimulate3 the country's still-struggling futures industry, analysts4 and watchers say.
Under Supplement II of CEPA (Mainland and Hong Kong Closer Economic Partnership5 Agreement), a pact6 signed in 2004 to boost the economic co-operation between Hong Kong and the Chinese mainland, qualified7 domestic futures brokerage will be allowed to set up their subsidiaries in Hong Kong beginning from this year.
"Domestic futures industry's enthusiasm for branching out in Hong Kong is obviously strong," said Chen Xiaodi, a researcher with China International Futures Co Ltd, China's futures house bellwether8.
"It could broaden their investment channels as they could engage in business that is currently unavailable in domestic market such as trading of financial derivatives," Chen said.
The foray into Hong Kong, analysts say, would also provide an investment conduit for domestic investors9 and a platform for domestic enterprises that have business needs, such as resource-extensive sectors10.
Currently, only 31 domestic enterprises are authorized11 to trade futures overseas for arbitrage12, but many more are said to be interested in getting a licence. Analysts say this potential customer pool may become the primary target for domestic futures firms after they set up their subsidiaries in Hong Kong.
While domestic futures players are entering overseas turfs, foreign investors are moving in.
China published new rules last August that allow foreign brokers13 registered in Hong Kong or Macao to form ventures with Chinese partners.
1
futures
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n.期货,期货交易 | |
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2
sector
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n.部门,部分;防御地段,防区;扇形 | |
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3
stimulate
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vt.刺激,使兴奋;激励,使…振奋 | |
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4
analysts
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分析家,化验员( analyst的名词复数 ) | |
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5
partnership
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n.合作关系,伙伴关系 | |
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6
pact
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n.合同,条约,公约,协定 | |
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7
qualified
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adj.合格的,有资格的,胜任的,有限制的 | |
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8
bellwether
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n.系铃的公羊,前导,领导者,群众的首领 | |
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9
investors
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n.投资者,出资者( investor的名词复数 ) | |
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10
sectors
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n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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11
authorized
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a.委任的,许可的 | |
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12
arbitrage
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n.套利,套汇 | |
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13
brokers
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n.(股票、外币等)经纪人( broker的名词复数 );中间人;代理商;(订合同的)中人v.做掮客(或中人等)( broker的第三人称单数 );作为权力经纪人进行谈判;以中间人等身份安排… | |
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