Setting a framework



China’s new derivatives regulations have been a long time coming. Initially expected to be published in the middle of last year, the new rules have been delayed, firstly by a change in China’s leadership and then by the creation of a new banking regulator, the China Banking Regulatory Commission, both effectively consigning the new guidelines to the backburner. But the regulations are now expected to be published by the end of the year, and should iron out some of the

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