Over the past month, China has unveiled a slew of reforms to its stock markets, bringing them closer into line with those of London, New York and Hong Kong, one of the country's “special administrative regions”.
After years on the drawing board and several false starts, regulators finally introduced margin trading, short-selling and stock index futures – three tools that will help traders profit from falling as well as rising markets.
The reforms are not only milestones for the country's capital markets – they are the latest steps towards Shanghai's goal of becoming an international financial centre by 2020.
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