“It’s absolutely a gamechanger,” said Chin-Chong Liew, a partner at Linklaters in Hong Kong, adding it will fuel growth in the Chinese over-the-counter market. While there’s set to be some adjustment as market participants shift to the new system, it holds the promise of eventually revolutionizing cross-border trading in an economy that still remains significantly cut off from international markets. The development, which follows decades of lobbying by the finance industry, will remove a major barrier to international participation, according to Bloomberg Intelligence. This recognition of so-called close-out netting is seen lowering the cost of trading by reducing the funds that would need to be set aside to protect against credit risks. (Bloomberg) - A regulatory breakthrough is expected to slash costs for investors trading over-the-counter derivatives in China, the latest step in opening up the nation’s capital markets to foreign investors.Ī Chinese law that takes effect Monday enforces a mechanism used around the world for determining payouts if a derivative counterparty defaults, bringing the standards there in line with those used in other major markets.
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Track the COSCO Shipping cargo using waybill, as well as any postal and courier shipment from China, Israel, USA, UK, Italy, France, Netherlands.© Reuters China ‘Gamechanger’ Derivatives Law Is Latest Bid to Open Market COSCON committed to providing eco-friendly, efficient and reliable container shipping services to global clients. On top of China and Asia, COSCON’s plies its route between vital ports in Europe, America, Africa and Australia.
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In mainland China, COSCON boasts service coverage containing 300 sales and service points. COSCON has woven a huge global service network which consists of more than 400 sales and service points. As end of 2010, COSCON owns 150 container vessels totaling over 610,000 TEUs which are deployed in over 100 routes, covering 144 principal ports in 44 countries and regions. (COSCON) is one of the world’s leading providers of integrated container shipping service. Open top containers are designed to carry larger machineries,steel,timber,large-sized sheet materials,glass,etc.įlat rack containers often apply to oversized cargoes.Įnter your cargo number into search field above and click Track Cargo buttonĬOSCO is a world leading container fleet, a service network with disruption-free global coverage.Įnter your BOL number starting with CBHU/CSLU/TCNU/TGHU/FSCU/OOCU into search field above and click Track Cargo button.ĬOSCO contains seven listed companies and has more than 300 subsidiaries locally and abroad, providing services in freight forwarding, ship building, ship repair, terminal operation, container manufacturing, trade, financing, real estate, and information technology.ĬOSCO Container Lines Co., Ltd. Reefer containers are widely used for fresh fruits and vegetables,and those requiring temperature control the most,such as meat,sea food,medicines and drinks. In addition, the Group is the largest liner carrier in China.Įnter your COSCO container number into search field above and click Track Cargo buttonĬOSCO Shipping Lines provides a variety of containers, including dry containers,reefer containers,open top containers and flat rack containers etc.ĭry containers apply to most merchant cargoes.
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Company is mainly engaged in domestic and international maritime container transport services and related business, as the group's core business sector.ĬOSCO SHIPPING is largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. COSCO SHIPPING Lines is a fully-owned subsidiary of COSCO SHIPPING Holding Co., Ltd,registered in China (Shanghai) Free-trade Experimental Area with a registered capital of 15.96 billion Yuan.