2010/12/05

"Beijing cracks down on commodity trades" from South China Morning Post

"The mainland's three commodity futures exchanges have raised their minimum margin requirements to curb speculation, as part of Beijing's efforts to ease inflationary pressure.

The Dalian and Zhengzhou exchange said yesterday they would increase margins to 10 per cent from as low as 5 per cent, after the market closes on Monday.

The two bourses followed in the footsteps of the Shanghai Futures Exchange, which announced on Thursday it was raising the percentage of cash a trader must deposit with brokerages."

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