China Issues First Regulations Governing Derivatives Activities by Financial Institutions

China is trying to make a new start in supervised derivatives trading since the freewheeling and risky practices that characterized the derivatives market in the 1990s.

13 minute read February 29, 2004 at 11:58 PM

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By Lester Ross & Kenneth Zhou, Wilmer Cutler Pickering LLP

The China Banking Regulatory Commission (the CBRC) on February 4 2004 promulgated the Administration of Trading of Derivatives by Financial Institutions Tentative Procedures (the Procedures, effective from March 1 2004).

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