SSE E launched speculation warrants the creation of system suppression.

<P Align=left> </ P> <P> Shanghai Stock Exchange today announced the "creation of Wuhan Iron and Steel Corporation on the matter warrants notice." .The circular clearly made innovation pilot Securities Association of China securities companies can be qualified as a "creation of man", created in accordance with relevant provisions of the notification warrants. .At this point, the market warrants debate has long been the creation of mechanisms can be established products. .The notice since November 28, 2005 into effect. .</ P> <P> According to the notice, the creation of man should be the creation of the warrants warrants WISCO (Wuhan Iron and Steel JTB1, transaction code 580001) or put warrants WISCO (Wuhan Iron and Steel JTP1, transaction code 580 099) the same, and use the same transaction code and .exercise code. .The creation of warrants, the creation of human settlement in China, Shanghai branch to be opened warrants the creation of special accounts and special accounts backed securities compliance, and performance backed securities in the special deposit account in full shares of Wuhan Iron and Steel shares, performance guarantees for the exercise; the creation of a put .warrants, the creation of human settlement in China, Shanghai branch to be opened warrants the creation of special accounts and funds dedicated to performance bond accounts and special accounts in the performance guarantee money deposited in cash in full for the exercise performance guarantees. .</ P> <P> notification requirement, the creation of applications for the creation of one warrant to SSE, China should provide its balance sheet has been issued by the Shanghai Branch to provide proof of performance guarantee the right of the line. .The SSE consent, notify the Shanghai Branch of Chinese settlement warrants the creation of special accounts in the next generation of tradable warrants. .Application for the creation of human creation or cancellation of warrants per day are no more than once, not each time the number of creation or cancellation of less than 100 million copies. .Founder apply to the cancellation of warrants SSE, the SSE consent, notify the settlement of Shanghai Branch of China canceled warrants on the same day, next day the lifting of the corresponding stock or funds locked. .Right warrants, the creation of man to fulfill their obligations before the Wuhan Iron and Steel Group. .The creation of the same person more than one warrant, and the creation in accordance with "the right after the line was first created" order to fulfill their obligations. .</ P> <P> notice also stipulates that were pledged, the right to judicial freezing or the presence of other defects of the Wuhan Iron and Steel shares of stocks or funds, shall not be used warrants the creation of a performance bond. .Violation of the relevant provisions of this notice, suspend or cancel the transaction creating the ownership status. .</ P> <P> according to a notice has been issued, Wuhan warrants will be held tomorrow (November 23) listed. .Because of the notice will be November 28 formally implemented, that is, the fastest since 28, can be a continuous creation of Wuhan Iron and Steel warrants. .</ P> <P> concerned people, the emergence of Baosteel active warrants market for product innovation has a positive meaning. .But Baosteel Warrants trading also appeared in the phenomenon of price volatility, one of the important reasons is the lack of mechanisms for the creation of mechanisms for products. .Warrants for shares of Baoshan Iron and Steel instead to support the introduction of innovative products, its product structure and standards of the international market popular warrants were different. .A major drawback is the number of fixed Baosteel Warrants, when market demand increases, prices naturally rise. .From international experience, the standard warrants product has a condition known as "continuous creation" of the mechanism that allows the issuer or other qualified institution in a timely manner to increase the supply warrants. .When the warrant price imbalances, the issuer or other qualified organizations that will be timely and profitable to create and sell new warrants, warrants the price of natural return to a reasonable price. .</ P> <P> learned, there are a lot of application to issue Warrants broker, exchange relevant preparations have been completed, as soon as possible to introduce more product varieties warrants a more comprehensive structure to ensure market supply and demand balance ., warrants the maintenance of healthy and stable development of innovative products. .In this context, the creation of mechanisms for continuous SSE launch warrants, warrants trading system will benefit the improvement, and promote the healthy development of the market warrants. .</ P>.