2010-11-19 15:43

The China Banking Regulatory Commission (CBRC) will soon introduce a new regulation on banking and financial institutions' derivatives business, Shanghai Securities News reported Friday, citing a CBRC official.

The regulation is to restrain venture capital in the market and it is a revision of the interim measure for the administration of financial institutions' derivatives business issued in 2004, the newspaper reported citing Li Fu'an, director-general of supervisory cooperation department for banking innovation at CBRC.

The over-the-counter derivatives trading participants include two policy banks, 16 domestic commercial banks, 22 foreign banks and 23 branches of foreign banks, as well as big companies' financial companies.