[photopress:MBA_stock_index_futures.jpg,full,alignright]Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said the country has basically completed system and technical preparations for the launch of its first stock index futures.
So what has this to do with MBA degrees? A lot. Cheng Siwei, vice chairman of the Standing Committee of the National People’s Congress, told a conference the development of financial derivatives can improve the country’s financial efficiency and help the country better handle financial risks. True.
He said the introduction of the stock index futures would help boost the smooth development of China’s stock market by enabling investors to profit from their anticipation of a share price fall.
Cheng Siwei suggested that the country’s institutions of higher learning should train more Financial MBA (FMBA) graduates for the emerging domestic financial derivatives market. With which no one would argue. However, the demand for people with FMBA qualifications currently far outstrips the supply. Which is a problem that needs urgent attention.
Source: China Daily