China Top Regulator Warns Against Risks in Financial Derivatives
- Guo Shuqing says retail investors doomed to lose in gamble
- CBIRC head comments on risks at Lujiazui forum in Shanghai
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China’s top banking regulator warned retail investors to avoid financial derivatives, stepping up a bid to curb risks amid rising volatility in global commodities.
Investors that speculate in currency, gold or other commodity futures are set to pay the same heavy price as those betting that property prices will never fall, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission.