14 November 2019

Shanghai bourse eyes launch of stock options, paper says

The Shanghai Stock Exchange has applied to the China Securities and Regulatory Commission for investors to be allowed to trade stock options, the 21st Century Business Herald reported Wednesday, citing bourse director general Gui Minjie. To curb speculative activity and control risks, the exchange is offering to force traders to pay a higher margin, impose forced liquidation, introduce a settlement deposit as well as apply a higher threshold for investors, the paper said. The investment threshold for individual investors has been set at 500,000 yuan (US$81,970) but there is no timetable for the product launch, it said. 

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