China to accelerate introduction of derivatives products

China plans to accelerate the introduction of futures and other derivative products to provide hedging options for investors, now that it has revalued the yuan and is raising the supply of tradable shares on the stock market through its state-held shares conversion program, Bloomberg reported, citing Shang Fulin, chairman of the China Securities Regulatory Commission. China is also considering introducing interest-rate futures, though currency futures will take "a long time", said Cheng Siwei, deputy chairman of the National People's Congress, China's Parliament. China may introduce currency futures when the yuan becomes fully convertible, Cheng said.