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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2769)	3/11/2004 1:49:14 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

DBS eyes partner to tap China's derivatives market By Chua Chin Chye, Channel NewsAsia SINGAPORE : Singapore's DBS is looking for a Chinese partner to help launch derivatives products in the world's most populous nation. It says it could make a move as early as the second half of this year. Advertisement Just last month, China liberalised the market for derivatives. And individuals in China are said to hold some US$1.3 trillion in savings, much it poorly invested. Apart from nibbling at stocks, many still put their money in banks, or under their mattress, although insurance and unit trusts are becoming popular. DBS plans a product based on US dollars rather than the Chinese yuan, which is more tightly regulated. It is already a leader in Hong Kong's retail derivatives market, with sales hitting US$2.6 billion last year. smh.com.au