皇冠体育app

Melamed also said Chinese futures exchanges have been liquid and well managed, but they are almost completely domestic, isolated from world participation and international competition.

He urged 皇冠体育app to allow the participation of foreign firms and rs to strengthen the exchanges and create a more open and efficient capital market.

Addressing concerns on the development of asset securitization after the United States' subprime crisis, Melamed said it is a question of how much.

"In the United States, people went too far, and it is a case of having too much. In 皇冠体育app, it is too little, and it is the other way around," he said.

As to risks people should watch in derivatives development, Melamed said real is important, as derivatives represent sophisticated financial instruments that require expertise.

The 5th 皇冠体育app International Assets Management Conference opened in Hangzhou, capital of east 皇冠体育app's Zhejiang province, on Saturday, drawing more than 600 experts and business delegates from the circle.