CSRC "plays safe card" in stock option launch
China's securities regulator has approved Shanghai's first equity option, but the move is seen as conservative after more ambitious proposals were mooted in a consultation last month.
Stock options will be launched on the Shanghai market next month after the mainland securities regulator gave the long-awaited green light – but more tentatively than expected.
Following announcements late on Friday night by the China Securities Regulatory Commission (CSRC), an option on the SSE50 exchange-traded fund will launch on the Shanghai Stock Exchange on February 9.
“The regulator is playing a safe card,” said a Beijing-based index fund manager, but further products are…
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