Article: Housecleaning in China's Futures Sector Pays off (1)

The housecleaning campaign in China's futures sector since 1993 has achieved remarkable success in rectifying market order and perfecting the regulatory system, China's top securities regulator Zhou Xiaochuan said here Friday.

Zhou, chairman of the China Securities Regulatory Commission ( CSRC), made the remarks at the launching conference of the China Futures Association (CFA).

According to him, the housecleaning has paved the way for a new stage in the healthy and orderly development of the sector.

The futures came into existence in China in October 1990, when the then Zhengzhou Grain Wholesale Market first introduced futures mechanism in its operation.

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