SHENZHEN, Dec. 2 (Xinhua) -- China will gradually
develop corporate bonds and financial derivatives to provide investors with
effective risk management tools, Shang Fulin, chairman of China Securities
Regulatory Commission (CSRC), said on Sunday.
The CSRC will continue to boost the ratio and scale
of investment in capital markets by the insurance, annuity, and social security
funds, Shang told a forum held in southeastern Chinese city of Shenzhen.
He called on institutional investors to explore new,
effective ways to educate individual investors of risks involved in buying
securities.
The CSRC will also take further measures to boost
regulatory level and to clamp down on illegal market activities, the chairman
added.
To achieve the goal, the CSRC has implemented "real
name registration system", one of the preparations made for the debut of stock
index futures, for futures investors starting from Saturday.
It ordered investors to open accounts carrying their
own ID cards and futures brokers to take pictures of the investors.
For those who opened accounts before Saturday, they
need to provide relevant data in six months.
The "real name registration system" will help boost
transparency of the futures markets, protect legitimate rights and interests of
investors, and effectively guard against financial crimes such as money
laundering, a CSRC official said.