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The China Banking Regulatory Commission announced Monday in a statement on its website that commercial banks were not allowed to invest in the soon-to-be-launched stock index futures trading.
According to law, commercial banks are not permitted to participate in index futures and it was still under discussion whether commercial banks could clear and settle index futures trading. No official decision has been made yet, the statement said.
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China will launch stock index futures in mid-April, a few months after the approval by the State Council in January.