A giant step for China


They’ve been mulled over, redrafted and put on hold for months at a time, but at last it looks as if China’s new derivatives regulations are ready for publication. Bankers have been eagerly awaiting the publication of the new rules since they got their first glimpse of the draft regulations back in July 2002. Hopes of a swift ratification, however, were dashed by a change in China’s leadership and then by the establishment of a new banking regulator. But now, market participants are

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