久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Money

Exchanges should forgo M&A activity, say experts

By Chen Jia (China Daily)
Updated: 2011-07-07 14:31
Large Medium Small

Exchanges should forgo M&A activity, say experts

Traders look through periodicals or take a nap at the Shanghai Futures Exchange. The exchange started trading lead futures on March 24. [Photo / Agencies]

DALIAN, Liaoning - A surge in mergers and acquisitions (M&As) of global financial exchanges will not happen in Asia during the next three to five years, despite a wave of worldwide cross-border cooperation, according to officials and analysts.

The worldwide trend for M&A between large exchange companies should cease immediately because excessive activity will only lead to monopolies and the reduction of fair competition, said Meyer Frucher, vice-chairman of NASDAQ OMX Group Inc, on Wednesday in Dalian, Liaoning province.

Related readings:
Exchanges should forgo M&A activity, say experts Commerzbank in market for cross-border M&As
Exchanges should forgo M&A activity, say experts European rethinks on China's auto M&A
Exchanges should forgo M&A activity, say experts Emerging markets leading global M&A table
Exchanges should forgo M&A activity, say experts Ten measures to promote M&As in capital market

Phupinder Gill, president of CME Group - one of the world's biggest derivatives and futures exchanges - said that in Asia large exchange companies prefer cooperation in areas such as technology and management systems, rather than engaging in M&A,

Gill said that in Europe, NYSE Euronext Group may approve an M&A plan with Deutsche Boerse AG when the the NYSE Euronext board votes on Thursday. However, in North America, it's unlikely that there will be further plans for consolidation between global exchanges.

For Chinese exchanges, the main aim at present is to create more financial institutions and help the economy to achieve stable growth, said Jiang Yang, assistant to the chairman of the China Securities Regulatory Commission.

"China's financial derivatives market is still in the preliminary stage in that we trade only 26 kinds of futures now," said Jiang. "We encourage cooperation between global exchange companies in sharing experience and advanced risk-control technology, all of which will be helpful in launching new financial tools."

By the end of June, the total transaction value of futures in the Chinese market reached 67 trillion yuan ($10.36 trillion), which is likely to make the country the world's largest futures market by transaction value this year, according to Jiang.

However, this is not the right time for Chinese exchanges to consider M&A activity, at least for the next three years, because the financial derivatives markets currently play a very limited role in the real economy, said Liu Xingqiang, president and CEO of the Dalian Commodity Exchange.

Chinese exchanges will work together to accelerate the introduction of commodity options and new types of futures, which will help enterprises to better hedge their risks, said Liu.

The Shanghai Futures Exchange - one of China's 'big four' commodity exchanges - started trading lead futures on March 24. Coke futures were introduced by the Dalian Futures Exchange on 15 April.

分享按鈕
主站蜘蛛池模板: 午夜黄色网 | 日本成人不卡视频 | 免费观看一区二区 | 女人毛片a毛片久久人人 | 国产在线观看一区精品 | 欧美在线视频一区二区 | 日韩一区三区 | 成人国产精品免费视频不卡 | 看中国一级毛片 | www.色午夜| 台湾三级香港三级在线理论 | 欧美一级毛片高清毛片 | www.91亚洲| 欧美成人片在线 | 亚洲欧美一区二区三区久本道 | 精品国产高清在线看国产 | 国产精品亚洲片在线不卡 | 一级做a爰片性色毛片小说 一级做a爰片性色毛片中国 | 性欧美videofree中文字幕 | 日韩免费a级在线观看 | 欧美亚洲一区二区三区在线 | 在线男人天堂 | 成年黄色网址 | 在线成人国产 | 99久久精品国产片 | 亚洲一区中文字幕在线 | 免费人成黄页网站在线观看国产 | 久国产精品视频 | 一区国严二区亚洲三区 | 亚洲精品美女在线观看 | 久久93精品国产91久久综合 | 国产成人v爽在线免播放观看 | 亚洲视频在线观看网址 | 全国男人的天堂网站 | 色老久久精品偷偷鲁一区 | 毛片免费观看的视频在线 | 成人黄色免费网址 | 99久久免费午夜国产精品 | 在线免费视频国产 | 国产精品视频一区二区猎奇 | 人成精品视频三区二区一区 |