China will cut trading hours for stock-index futures contracts next year as authorities step up measures to limit volatility in the nation's financial markets after a $5-trillion rout. Trading in the morning session will start 10 minutes later at 9:25 am from January, in line with the cash market, while the afternoon session will end at 3 pm, 15 minutes earlier, the China Financial Futures Exchange said in a statement on Friday.
The change will affect futures contracts linked to the CSI 300 Index, CSI Smallcap 500 Index and the Shanghai Stock Exchange 50 A-Share Index. "It will curb volatility," said Wu Kan, a fund manager at JK Life Insurance Co in Shanghai. "It can prevent wild movements on the futures from affecting the spot market because of the time advantage."
The change will affect futures contracts linked to the CSI 300 Index, CSI Smallcap 500 Index and the Shanghai Stock Exchange 50 A-Share Index. "It will curb volatility," said Wu Kan, a fund manager at JK Life Insurance Co in Shanghai. "It can prevent wild movements on the futures from affecting the spot market because of the time advantage."
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