June 10, 2021, 1:49 PM
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
Speculation in derivatives by ordinary people “is tantamount to disguised gambling, and their outcome of losses is preordained,” he said at the Lujiazui forum in Shanghai on Thursday.
With global commodities rising to records, Chinese …