Chang Qing

• 
  www.netrisk.com/news/dailynews/2002_05_16_4855.htm - [Cached Version]
  Published on: 12/26/2001    Last Visited: 9/20/2002  

  Chang Qing, deputy head of the China Futures Association (CFA), predicted five golden years ahead for the sector.
  
  Presently only Chinese firms and individuals are entitled to do the business, but the central authorities will have to consider the whole issue soon as the China Securities Regulatory Commission (CSRC) and the CFA are drafting a five-year plan.
  
  The two organizations are soliciting opinions and proposals to revamp existing rules and establish sound supervisory and legal systems.Time and painstaking efforts are needed to work out concrete measures and make rules adaptable to free trade, although the opening of the sector is inevitable, according to an insider, who declined to be identified.
  
  A few years would be needed for the mainland to actually open its fledgling market, he said.

• 
  All Bright - [Cached Version]
  Published on: 8/8/2002    Last Visited: 6/2/2006  

  Chang Qing, vice-president of the China Futures Association, said domestic futures brokerages will be strengthened by both a broader range of investors and an injection of foreign expertise, energizing the entire futures market.
  ...
  But insurance companies may also get the green light soon, said Chang.

• 
  Asia Times Online :: China News, China Business News,... - [Cached Version]
  Published on: 9/1/2005    Last Visited: 11/16/2005  

  And China Futures Association chairman Chang Qing, who is also chairman of Jinpeng International Futures, told the agency, "I've asked the SRB [about this] issue and they told me that they don't have any official with the name of Liu Qibing.

• 
  China approves resumption of fuel oil futures - [Cached Version]
  Published on: 3/30/2004    Last Visited: 3/30/2004  

  "We hope that more futures contracts, including fuel oil, will be allowed in China as soon as possible," said China Futures Association Vice-Chairman Chang Qing.
  
  Futures companies and exchanges have done numerous research and feasibility studies on product innovation, he said.

• 
  China considers opening up futures market (12/02/02) - [Cached Version]
  Published on: 12/2/2002    Last Visited: 5/11/2004  

  CFA's Deputy Director Chang Qing said in an interview: "According to our development plan, (we should) focus on doing a good job of building the domestic market before 2005 ... and gradually open up after that, for example (allowing) joint ventures."
  
  Rather than foreign capital, Chang said what the industry needs most at present is a more mature and much bigger domestic market, one that is influential in other Asian markets.
  
  That's a tough task.Only seven types of commodity futures are now being traded on China's three futures exchanges, and the annual combined turnover is a paltry 3 trillion yuan (US$360 billion), as compared to the average daily volume of US$3 trillion at the Chicago Mercantile Exchange, notes CIFCO (Shenzhen)'s President Ma Wensheng."The scale is just too small," he said.
  
  That has constrained the arbitrage appetite of foreign futures companies, and the fact that many foreign-invested companies are already hedging Chinese contracts, through illegal channels, further reduces their interest in obtaining immediate market access, Chang said.
  
  "They are not interested," Chang said.Up to 2005, he said, "it's a process of continuously launching new products."
  
  Chang did not elaborate, but the CSRC has said it was preparing to launch more commodity futures contracts, such as cotton and oil.More significantly, the CSRC is studying the feasibility of re-introducing financial futures, including stock index and Treasury bonds.

• 
  Content - [Cached Version]
  Published on: 1/24/2003    Last Visited: 1/30/2003  

  Chang Qing, vice-president of the China Futures Association, said domestic futures brokerages will be strengthened by both a broader range of investors and an injection of foreign expertise, energizing the entire futures market.
  
  According to the CSRC circular, a company should hold a minimum registered capital and net assets of 10 million yuan (US$1.2 million) respectively to be able to buy stakes in Chinese futures brokerages.The company should also have been clear of committing any major irregularities in the past two years.
  
  They are also required to post their profits for the last two years, except for those firms with registered capital and net assets exceeding 50 million yuan (US$6 million).
  
  "That is in line with relevant regulations on foreign investment in domestic industries.
  ...
  But insurance companies may also get the green light soon, said Chang.
  
  Strict control on the inflow of banking assets into the securities and futures market is based on risk concerns, a CSRC spokesman said.

• 
  Details of QETDZ News - [Cached Version]
  Published on: 5/14/2002    Last Visited: 6/20/2004  

  Chang Qing, deputy head of the China Futures Association (CFA), predicted five golden years ahead for the sector.

• 
  GARP : Risk News : Risk eNews Article - [Cached Version]
  Published on: 11/11/2004    Last Visited: 3/28/2005  

  According to the official China Securities Journal, Chang Qing, vice president of the China Futures Association, said speculation about yuan revaluation will leave
  ...
  's intended shift from the de facto dollar-yuan peg to a more flexible forex rate means that the risks of fluctuations in the exchange rate are rising," Chang was quoted as saying."The market now desperately needs some financial derivatives to hedge against forex risk, and the development of a forex futures market, including forex futures and options trading, is becoming a task of the first priority," he explained.
  ...
  Chang said the move indicates that the time has arrived for forex futures trading."Now that
  
  China
  
  has chosen to gradually open up the capital account under its international balance of payments, the dollar-yuan peg can't hold out much longer," Chang reportedly said.

• 
  Kiplinger - [Cached Version]
  Published on: 11/15/2005    Last Visited: 11/15/2005  

  According to Chang Qing, a vice chairman of China Futures Industry Association and senior expert on China's copper industry and markets, the reserve bureau's commercial copper reserves total about 500,000 metric tons - above recent estimates by international analysts of around 300,000 metric tons, but well below the 1.3 million metric tons cited by some international traders.
  
  The commercial reserves could be used to help cover any short position taken in the international market, Chang told Dow Jones Newswires.
  
  China also has strategic reserves, but those are not available for any use, he said.

• 
  Profile of Li Ming - DalianNews - [Cached Version]
  Published on: 2/16/2006    Last Visited: 2/19/2006  

  "The source of the money will probably come from futures firms in the end," Chang Qing, vice-president of CFA, told China Daily.However, Chang hinted that futures firms dislike providing the money since they are not necessarily the beneficiaries.
  
  The fund is likely to be managed by CSRC, Chang said.

Page:  1 2