Forum on Derivatives in China
October 14th, 2006The Securities Association of China will hold a China Financial Derivatives Forum (中国金融衍生品大会（2006) on October 24 in Beijing at the Diaoyutai State Guest House. Registration costs RMB1,800. The announcement in Chinese is here and includes a link to a registration form, and draft agenda for those interested.
Last year I spoke at another conference on derivatives in Shanghai organized by the Chicago Mercantile Exchange, the Shanghai Stock Market and Shanghai Futures Exchange.
China has made some progress with derivatives recently. They now for instance allow some warrants to be publicly traded, and interest rate swaps are traded on the inter-bank market.
I saw in the draft prospectus for the ICBC IPO that ICBC has hedged its risk of exposure to foreign currency exchange rate fluctuations, so the practical use of derivative products is clearly understood within China’s elite financial circles.
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