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China approves key financial reforms

Published 08 Jan 2010

China's cabinet has approved in principle the launch of stock index futures, margin trading and short selling demonstrating that financial market reforms have become a multi-year priority.

China's cabinet has approved in principle the launch of stock index futures, margin trading and short selling. We reaffirm our call (Nov 13, China to push financial market reforms in 2010, and CC June 25, Forbidden City) that financial market reforms – despite their associated risks – have become a multi-year priority for Beijing.