Zhu Yuchen, general manager of China Financial Futures exchange, is brewing a system of qualified investors

Zhu Yuchen, general manager of China Financial Futures exchange, said in a speech at Lujiazui forum that CICC is currently formulating and preparing for the introduction of a qualified investor system, an important measure to protect the interests of investors. 　　The financial crisis, he said, gave the domestic financial institutions a lesson in selling the right products to the right investors. The index futures market threshold of more than 500,000 Yuan Zhu Yuchen to Hong Kong "Lehman mini Bond" to trigger the risk of ordinary investors, for example, said the stock index futures in the initial stage to avoid small retail participation.　　As a result, CICC has not only adopted the big contract design, but also recently added a new system on the basis of the big contract. Zhu Yuchen revealed that CICC's participation in stock index futures will be set roughly "three thresholds." The first is the entry threshold, initially set to more than 500,000 yuan to open an account. The second is that every investor must pass the examination to enter the market, to have a certain professional knowledge of stock index futures investment. Third is to require investors have some practical experience, must go through five trading days of simulation transactions, trading hands in more than 20 hands.　　In addition, CICC has a number of reference conditions and flexible indicators, investors in commodity futures and stock trading experience will be graded. Simulation trading session 100,000 hands the Chinese financial Futures exchange has been preparing for more than three years, Zhu Yuchen said, "Indeed not idle." According to the briefing, the preparatory work of CICC has been in the direction of the profound preparation. Zhu Yuchen said that through the simulation, CICC has been in operation, but also constantly improve the management of the exchange. "The whole process except money is not true. Everything else is true.　　"Zhu Yuchen said. Zhu Yuchen Introduction, three years of investors on the simulation of the transaction is very insistent, open account for more than 7,200, the average daily volume of more than 100,000 hands.　　"We are prepared to be more profound, the introduction of products more stable sword" Zhu Yuchen said, once the stock index futures, it will feel that the old exchange based on the foundation, business maturity will be better. Stock index futures can not change the market bull bear "Everyone's imagination of stock index futures is too rich, to attach a lot of responsibilities and functions."　　"In response to the external knowledge of stock index futures, Zhu Yuchen called on the outside to" do a little subtraction, "to use the usual heart to look at this product. Zhu Yuchen said that the stock index futures is just a simple hedging tool, its introduction does not turn the bear market into a bull market, nor will it turn into a bear market. Stock index futures run in the world for twenty or thirty years, the function is still relatively stable. "It does not have that big function, come out later can rescue, can the stock market to what extent, it is not so great." ”