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Dear Colleagues, 尊敬的同仁, With ever-increasing foreign participation in China’s derivatives market, disputes arising from derivative transactions have increased in recent years, particularly following the 2008 financial crisis. Foreign banks have traded over-the-counter (OTC) derivatives with Chinese counterparties for many years, and the Chinese government has taken significant steps to further open up its financial markets and financial sector to foreign participants. The Belt and Road initiative has encouraged Chinese counterparties to use various forms of financing and derivative structures in China. In 2018, China has taken great strides towards globalizing its derivatives markets. Yuan-denominated crude oil futures contracts began trading internationally in March, followed by iron ore contracts that began trading internationally in May. And most recently, the China Securities Regulatory Commission granted UBS Group permission for a majority stake in its Beijing-based subsidiary in December — making it the first foreign bank to formally control a Chinese securities firm. With the internationalization of crude oil, iron ore and PTA futures. Recently, internationalization has taken another important step. China Securities Regulatory Commission formally approved China Financial Futures Exchange (hereinafter referred to as "CIFIC") as a qualified central counterparty (QCCP), which is an important measure for China's financial futures market to further improve the financial infrastructure, strengthen supervision and service capabilities, enhance the level of internationalization, and help to prevent and resolve major financial risks. Chinese exchanges are wooing international commodities traders in a bid to overtake longstanding benchmark prices — many of which are set in Europe and the U.S. — reflecting ambitious plans by the world's second-largest economy to expand its influence overseas. Under this Background, we are going to hold the 2019 China Derivatives Focus (27-28, June, 2019). We are glad to inform you that the Early Bird Discount is available now. Tickets are limited so catch this opportunity now to SAVE YOUR MONEY before 28th Feb.(Discount code:CDF228)
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