Firms to reg­is­ter as­set prod­ucts

China Daily (Canada) - - BUSINESS -

China’s main com­mod­ity ex­changes have asked fi­nance firms to reg­is­ter de­tails of their prod­ucts, the lat­est move by Bei­jing to in­crease su­per­vi­sion over risky prod­ucts. China has taken a se­ries of steps this year to cool the rise of highly lever­aged com­modi­ties fu­tures prod­ucts as part of an at­tempt to re­duce risk in fi­nan­cial mar­kets. Fu­tures firms, funds, trust com­pa­nies, bro­ker­ages and in­sur­ers, among oth­ers, will need to reg­is­ter their as­set man­age­ment prod­ucts, the Dalian Com­mod­ity Ex­change, Shang­hai Fu­tures Ex­change and Zhengzhou Com­mod­ity Ex­change said in no­tices posted on Tues­day.

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