多家信托公司申请期指业务 Several trust company application period refers to business

　　“兴业信托已经通过了银监会的现场检查，正积极应对即将开始的银监会答辩”，兴业信托某部门负责人近日向期货日报记者透露，兴业信托已顺利完成监管层对信托公司开展期指业务的信息系统和套保套利模型的验收演示，一旦通过答辩，就有望成为继华宝、外贸和华润信托之后，第三批取得股指期货交易业务资格的信托公司之一。

“The trust has passed the regulator's on-site inspection，Is to actively respond to the start of the banking regulatory commission (CBRC) defense”，The trust a director of the department recently to futures daily reporter revealed，The trust has been successfully completed supervision layer to trust company carry out period refers to business information system and hedge arbitrage model acceptance demo，Once through the defense，It is expected to become the warburg、Foreign trade and China resources after the trust，A third group of stock index futures trading has qualification of one of the trust company。

　　另外，据某信托公司人士透露，只要拿到期指交易业务的开户资格，今后推出的国债期货和期权都可能不再需要银监会的重复审批。这一政策松绑的利好信号，也令多家信托公司开始了一波申请期指业务许可的“备战潮”。

In addition，According to some trust company sources，As long as take due account to deal business qualification，The future of the launch t-bond futures and options may no longer need to the CBRC for examination and approval of repetition。This policy easing the good signal，Also makes several trust company start a wave application period refers to the business license“Prepare for the tide”。

　　去年6月，银监会下发了《信托公司参与股指期货交易业务指引》，对信托公司参与期指交易的准入条件与资格要求作出了说明。记者从一位业内人士处获悉，目前已有至少7—8家信托公司进行了材料申报并通过了初审，正在积极筹备银监会的现场检查和答辩工作，以求尽早在股指期货交易市场占有一席之地。

Last June，The CBRC issued《Trust company involved in stock index futures trading business guide》，The trust company to participate in period refers to trade access conditions and eligibility requirements made description。Reporters from a the personage inside course of study to have learned，There are at least 7-8 trust company for materials declaration and passed the preliminary examination，The CBRC is preparing the on-site inspection and defense work，As soon as possible in order to in the stock index futures market place。

　　此前有媒体报道称，中融信托早在5月就已和监管层完成面谈，并有望在6月底前后获得开户资格，然而到目前为止，包括中融信托在内依然没有出现新获批复的信托公司。不过，银监会严格的审批制度和放缓的审批速度却没有减少信托公司的浓厚兴趣。“中金所目前已经允许信托产品参与股指期货的套利和套期保值，也就是说，只要拿到银监会的行政许可，我们的信托产品就可以马上在中金所开展业务。有了股指期货，起码国内市场的商品和股票就有了一个对冲工具，以此改善以往单边做多的业务模式。”某信托公司相关负责人如此表示，如果不拿到股指期货的准入资格，未来可能推出的国债期货和期权业务也都无法顺利开展。

There have been media reports say，It melt in the trust as early as five months already and supervision layer complete interview，And is expected to open an account at the end of June won before and after qualification，Yet so far，Including the melting trust, still did not appear new won the approval of the trust company。but，The CBRC strict examination and approval system and slow speed of examination and approval but without reducing the trust company interest。“The cicc has been allowed to participate in the trust products of stock index futures arbitrage and hedging，That is，As long as the banking regulatory commission (CBRC) to the administrative licensing，Our trust products you can instantly in cicc in the business。A stock index futures，At least the domestic market commodity and stock have a hedging tool，To improve the previous single side to do more business model。”A trust company related person in charge said，If you don't get the qualification of stock index futures access，The future may launch of the Treasury futures and options business also can smoothly carry out。

　　2011年11月底，华宝信托获得批准，成为行业内第一家获得股指期货交易业务资格的公司。公开数据显示，华宝信托第一批试点的两只信托股指期货产品“励石一号”和华宝-海集方1期，今年以来的收益率约为1.04%和0.97%。这两只信托产品也是迄今为止国内市场参与股指期货仅有的信托计划。今年4月底至5月初，外贸和华润又成为第二批准入市场的信托公司。随着市场切口的逐渐放大，多家信托公司对于期指业务资格许可的争夺，也可以说是对未来中国对冲基金市场份额提前展开的一场“攻防战”。

By the end of November, 2011，Warburg trust is approved，Become the first company in the industry for stock index futures trading business qualification of the company。Public data display，Warburg trust the first batch of pilot two trust stock index futures products“LiShi a number”And warburg - sea set square 1 period，Since this year yield is about 1.04% and 0.97%。The two trust product also is so far the domestic market to participate in stock index futures only trust plan。At the end of April this year to early may，Foreign trade and huarun and become the second approval into market trust company。Along with the market incision gradually enlarged，Several trust company for period refers to the qualification licensing race，Also can be said to be China's future to hedge fund market share on ahead of a field“feature”。

　　据统计，截至今年6月底，中国信托行业受托资产管理规模已达5.54万亿元，业内人士预测，这一数字到明年年中将突破7万亿。这意味着信托公司陆续进入股指期货市场必将大幅度增加市场规模。2011年以来，股指期货的日均成交额已占期货市场总量的40%，在信托公司大规模进入市场后，这一比例会有所提升。而从市场投资者的结构来看，机构投资者的增加也将改变目前市场散户偏多、投机者比重偏高的格局，使投资者结构进一步趋于完善，推进期指市场的成熟化进展。

According to the statistics，By the end of June this year，China's trust industry the entrusted assets management scale has reached 5.54 trillion yuan，Industry insiders predict，The digital until next year will exceed 7 trillion。This means that the trust company have enter the stock index futures market will greatly increase the size of the market。Since 2011，Average daily turnover of stock index futures futures market has accounted for 40% of the total，In a trust company after mass to enter the market，This proportion will increase。From the structure of the market investors to see，The increase of institutional investors will also change the present market retail partial much、Speculators proportion is on the high side pattern，Make investors structure was further improved，Propulsion phase refers to market is matured progress。