CHINA SEEKS TO BOOST FINANCIAL MARKETS WITH TENTATIVE RETURN OF BOND FUTURES
July 1st, 2013
reform of its financial markets may take another giant leap forward this summer with the expected reintroduction of bond futures after a 17 year hiatus. The launch of a new bond futures market in Shanghai may be good news for many seeking alternatives to the country’s heavy reliance on bank financing even as local banks this summer faced an unprecedented liquidity squeeze amid a government crackdown on unofficial lending.Bond futures would be a step in the cautious process followed by Beijing since a short-selling scandal in 1995 cost the government Chinese ...
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