The China Securities Regulatory Commission was revealing plans to allow securities and brokerage firms to diversify their investment choices with plans to allow trading of equity derivatives, such as total return swaps. [Earlier this year, the CSRC granted UBS approval to trade TRS linked to local equities in China. This week, UBS was also voicing plans to offer capital unprotected equity-linked structured products to mainland Chinese investors early next year, in a bid to increase the diversity of its offerings as volumes in the country grow.]