ICYMI: China to crack down on illegal & irregular activities in the futures market

Late Friday from the China Securities Regulatory Commission (CSRC):

• CSRC to urge banks to enhance credit management and prevent enterprises from illegally using loans for commodity futures speculation.
• China will take strict action to crack down on illegal and irregular activities in the futures market.
• Give play to the dual functions of stock index futures and options to stabilize the market and activate the market, and enrich the trading varieties.
• Effective measures will be implemented to curb excessive speculation.
• CSRC is studying the inclusion of stock index futures and treasury bond futures in the opening up of specific varieties to overseas investors.

Would this include building everyone up on wild dreams of stimulus? LOL.

Also, ICYMI, news from China over the weekend and what’s to come today:

• China offers few details on stimulus in Saturday’s press conference
• Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25
• China September CPI rate fell below August and below expectations. PPI slumped further.

• briefing on Monday from China’s Infrastructure Ministry, Ministry of Industry and Information Technology, and State Administration for Market Regulation. At 10 am Beijing time (0200 GMT, 2200 US Eastern time)

This article was written by Eamonn Sheridan at www.forexlive.com.