IN BRIEF (Page 13)

Exchange looks at longer trading

The Shanghai Futures Exchange is studying ways to add institutional investors including trusts and funds as members and extend trading into evening hours, as gold turnover surges in China, the largest producer.

Gold futures trading more than doubled in January to November, according to the China Futures Association, as prices reached a record and investors sought a haven amid falling equities, depreciating currencies and Europe's debt crisis.

CSRC fires panel member

The China Securities Regulatory Commission (CSRC) dismissed a committee member in charge of merger-and-acquisition work because of his abusive trading practices.

Wu Jianmin used other people's accounts and purchased special treatment shares of Heilongjiang SunField Science & Technology Co. When the company's stock was examined by the CSRC, he did not disclose his involvement and took part in the work.

China Daily

(China Daily 12/02/2011 page13)