bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Investors may soon be able to transact real-time trades on the Shanghai and Shenzhen stock exchanges over the Internet using software developed in conjunction with a unit of the Chinese Ministry of Post and Telecommunication.

 The newly-launched China Stockstar software from ChinaTone Group Co and Shanghai Stockstar Company, part of the ministry's Shanghai branch, is the first in Asia to allow investors to trade directly through their personal computers.

 The software package is also capable of viewing live-trading action on the stock market.

 The Shanghai and Shenzhen exchanges have given ChinaTone approval for electronic trades to be conducted through licensed stock brokers, but online trading is not yet permitted by regulators.

 President Wang Shuhua said he expected guidelines and regulations to be released in June.

 'This [online trading] is actually a trend,' said Mr Wang. 'There are two to three companies in the United States already doing this. I think China, Hong Kong and Taiwan will soon follow suit.'  Mr Wang said Stockstar would not replace stockbrokers, but would rather enhance communication between brokers and their customers and provide real-time information to investors.

 ChinaTone said it aimed to be China's E-Trade, a US online investing services provider which can bypass brokers in selling and buying stocks.

 ChinaTone is also negotiating with the Bank of China Group to provide similar real-time information for Hong Kong-listed companies, he said.

 Mr Wang said the software would be ready within two months, when it would begin simulations in consultation with the Securities and Futures Commission and the Stock Exchange of Hong Kong.

 ChinaTone has also reached an agreement with China's Association for the Peaceful Use of Military Industrial Technology, which owns the mainland's only civilian satellite, and Hong Kong Koting International Co, to beam stock information about companies listed on stock exchanges in China, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Thailand to ChinaTone's web site .



Software brings on-line trading via stockbroker