China
China to start stock index futures trading on April
-Trade in Chinese stock index futures will begin April 16, the China Financial Futures Exchange (CFFEX) said Friday in a statement on its website.
The CFFEX released the statement straight after the China Securities Regulatory Commission, the country’s securities watchdog, gave official approval for the launch of a stock index futures contract tracking the Shanghai-based CFFEX Hushen 300 Index.
The Hushen 300 Index, which covers about one fifth of all stocks listed on China’s stock markets and about 60 percent of the markets’ value, mainly reflects the performance of China’s Shanghai and Shenzhen stock markets.
Contracts for May, June, September and December will be the first to trade, according to the statement.
Investors are required to put down cash deposits equal to 15 percent of the contract value for the May and June contracts as a maintenance margin. For the September and December contracts, the margin is 18 percent.
A 0.05 percent transaction fee will be levied on the total turnover, the statement said.
On Jan. 8 the State Council approved “in principle” the launch of stock index futures and a margin-trading pilot program in a move to further develop China's financial markets.
Investors began applying for the trading account in late February and are required to have a minimum 500,000 yuan (73,206 U.S. dollars) to open an account.
China
Will Myanmar’s coup help China influence ASEAN?
The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.
On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.
China
Rapid growth in China post-COVID makes it ripe for investment
Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.
In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.
China
Mainland China is in no position to take Taiwan by force
Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.
The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.
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