Margin business on trial to be effected in March

Margin purchase transactions will be evaluated next week with on-spot examination. It’s predicted the first batch of the list will be announced in late March. Nie Qingping, Official of CSRC, said 24 the related works have been fully prepared to initiate the business in March. The news was declared from the top supervision level for the first time.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

He indicates the work will begin with the preparations where joint efforts effected from the firms, and the regulator, and the business will open on mature time in March when all qualified firms pass the examination.

The participated securities firms say they are now busy with required procedures and  will attend the hearing next week. Shenyin Wanguo’s manager says plans of 11 firms have already reported to the evaluation teem for the hearing on about March 4 0r 5.