Chief Executive of the Shanghai Stock Exchange Huang Hongyuan told attendees of a financial forum in Shenzhen that focus should be placed on risk controls for options trading as the bourse prepared for the launch of said derivative scheduled for February 9, South China Morning Post reported, citing the official China Securities Journal. The Shanghai exchange set a minimum capital requirement of RMB500,000 (USD$80,400) for individuals, who must also pass a written test to gauge their basic knowledge of option products before they can begin trading. (For an overview of mainland derivatives’ development, see our latest report.)
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