Stock market volatility index futures are expected to bring disaster on the launch of the fastest.

<P>: News, Simulation in the commencement of trading of stock index futures have been a few months later, the closely watched stock index futures and then changed the timetable for a change. .Reporter yesterday from authoritative sources confirmed that in the Feb. 5 at the "Beijing 2007 annual work conference cum-futures regulation", the Beijing Municipal Securities Regulatory Bureau officials said that stock index futures will certainly be introduced during the year in 2007, introduced the fastest time possible .May and June, but we do not defer to ninety months. .</ P> <P> launch date repeatedly postponed </ P> <P> back in early January of this year, the reporter learned from informed sources, introduction of stock index futures will be deferred. .The news was confirmed last week. .Yesterday, futures companies, according to a person told reporters in Beijing Securities Regulatory Bureau convened in February 5 of 20 Beijing local futures companies, and more than 30 overseas futures business department in Beijing, the company held a "2007 Beijing futures regulatory inspection cum .Working Conference ", Beijing Securities Regulatory Bureau stakeholders at the meeting revealed, the stock index futures will certainly be introduced during the year in 2007, but the launch date has been delayed, the situation will be under preparation, should be in this year's second and third quarter. .</ P> <P> In addition, the current system of rules of the stock index futures has not yet finally clear some confusion some futures companies. .In this regard, the relevant securities regulatory bureaus in Beijing believe that the rules for futures companies can not wait for the introduction, but should be a positive attitude and do the foundation and preparation. .He saw the need to actively prepare include: settlement rules of operating procedures and risk control building, research, business cooperation model to study the appropriate relationship between size and risk control; to carry out the basic system construction; taken seriously and improve information systems and strengthening technical .preparation. .</ P> <P> repeatedly postponed for reasons of stock index futures, futures Shenhua Tangyong Bing, general manager of R & D management that, first of all, "Exchange Management Regulations" has not yet issued, the parties involved in stock index futures is no corresponding specification. .Second, the domestic stock market has not fully implemented tradable, listed corporate shares may impact on the market. .Third, brokerage, investment fund, QFII qualification in stock index futures not yet clear. .</ P> <P> In addition, A shares and H shares spread between, and some spread is relatively large. .If the introduction of stock index futures, some ability to operate the two institutions have greater arbitrage space..