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Illegal manipulation of warrant transactions will be investigated and punished


http://finance.sina.com.cn 05:34, December 5, 2005 Shenzhen News Network - Shenzhen Special Zone News

   Vanke HRP1, Steel Vanadium PGP1 and Ansteel JTC1 are listed in Shenzhen market today

Illegal manipulation of warrant transactions will be investigated and punished

Zhang Yujun said that Shenzhen Stock Exchange was ready to snipe illegal speculation of warrants

[News from our newspaper] (Reporter Wang Kezhen) Today, the three warrants in Shenzhen Stock Exchange will be listed and traded in a centralized manner, opening the prelude to the listing of financial derivatives in Shenzhen Stock Exchange. In order to avoid speculative funds manipulating warrants for illegal profits, SZSE has taken precautions and will monitor and investigate the trading process of warrant products throughout the process. Zhang Yujun, the general manager of Shenzhen Stock Exchange, warned against possible violations and vowed not to speculate on warrants. He said that there would be response if there was any change, and there would be investigation if there was any violation.

From today, SVG PGP1, Vanke HRP1 and

Ansteel The three warrants of JTC1 are listed and traded in Shenzhen Stock Exchange. It is understood that one of the purposes of the centralized listing of the three warrants is to avoid a scene of concentrated short-term fund speculation. Previously, due to the violation of individual business departments, Baosteel Warrants were widely speculated in Shanghai, which attracted the attention of front-line regulatory authorities. In order to launch three warrants for stable listing, the relevant departments of Shenzhen Stock Exchange have done a lot of detailed work and focused on the possible problems. During the first China Futures Conference, Zhang Yujun, the general manager, said that the Shenzhen Stock Exchange would never allow illegal speculation of warrants when asked by reporters whether the three warrants in Shenzhen Stock Exchange would repeat the mistakes of Baosteel's manipulation. In the belief that any change will be responded to, and any violation will be investigated and dealt with, the Shenzhen Stock Exchange has made preparations to crack down on illegal speculation of warrants.

The high vigilance of Shenzhen Stock Exchange on the listing of warrants shows its determination to develop financial derivatives steadily. According to relevant people, although the listing of Shenzhen Stock Exchange warrants is a bit slower than that of Shanghai Stock Exchange, due to adequate preparation, the trading risk of warrant products is under control. Shenzhen Stock Exchange hopes to use warrant innovation to

negotiable securities The market gains the initiative to develop financial derivatives.

Reporter Wang Kezhen


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