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Article: SGX to launch index futures product
- Article from:
- China Daily
- Article date:
- August 11, 2006
- Author:
CopyrightCopyright 2006 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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HONG KONG: The growing power of the mainland's companies and its
stock market in the region will be further highlighted by the launch
of the world's first index futures product that targets mainland-
listed companies.
The Singapore Stock Exchange (SGX), an active pursuer of mainland
companies, will trade FTSE Xinhua China A50 Index Futures, which
track the 50 largest mainland-listed firms, starting from September
5.
The futures, "for the first time ever," will allow any investor to
"participate in China's growth story," the SGX said in an article
introducing the product.
The launch of the futures product comes "in response to market
feedback and customers' demand," said Magdalyn Liew, ...