久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Wider access soon for commodity futures

By Li Xiang | China Daily | Updated: 2019-08-13 09:21
Share
Share - WeChat
File photo of the Shanghai Futures Exchange. [Photo/VCG]

China will accelerate the opening of its commodity futures market to foreign investors, which will help boost the country's pricing influence in the international commodity markets, a senior securities regulator said on Monday.

Fang Xinghai, vice-chairman of China Securities Regulatory Commission, said that the regulator will make more types of commodity futures available to overseas investors and will optimize the trading rules to further reduce their trading costs.

Fang made the remarks at the launch ceremony of the trading of technically specified rubber (TSR) 20 futures at the Shanghai Futures Exchange.

The launch of TSR 20 rubber futures trading is the latest step by China's securities regulator to liberalize the country's futures market after it opened the futures trading of crude oil, iron ore and purified terephthalic acid to foreign investors.

The regulator hopes the TSR 20 rubber contract can be a benchmark for international rubber prices as the market gradually develops.

"Accelerating the opening of China's financial sector will help the country better integrate with the international markets amid the risks of escalating trade tension between China and the United States," Fang said.

Financial liberalization will also help boost the global profile of the renminbi and will help China deal with threats from "monetary hegemony", Fang added.

China is the world's largest importer of natural rubber, consuming about $3.6 billion worth of natural rubber last year, accounting for about 25 percent of the world's total, according to trade information website worldstopexports.com.

Analysts said that the launch of TSR 20 rubber futures trading is a concrete example of China's effort to push the opening of its financial market and to gain greater pricing power in international markets.

"The trading of TSR 20 rubber futures provides companies in related industries with a tool to manage risks. The trading will also likely draw more foreign investors, which will give China a greater say in the international market," said Tong Changzheng, an analyst at CITIC Futures Co Ltd.

The Shanghai Futures Exchange said it will further enrich the commodity futures market as it plans to launch low-sulfur bunker fuel oil contract that will allow foreign investors to participate in trading. The exchange is also planning to open copper futures trading to foreigners.

Bloomberg reported earlier that China is mulling changes to its futures market which would give global investors unprecedented access. The report quoted people familiar with the matter as saying that China is considering to introduce new rules that will allow foreigners to trade equity-index and commodity futures without a government-approved quota.

Responding to the report, the CSRC said in a statement that the country will further open the commodity futures trading to foreign investors to improve market efficiency and to better serve the real economy. But the regulator said it has no plan of substantially loosening restrictions in trading stock index futures.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久爱免费观看在线网站 | 国产精品三级在线播放 | 亚洲黄色小视频 | 日本免费二区三区久久 | 久久网站免费观看 | 欧美在线视频不卡 | 日本一级做人免费视频 | 九色97| 中国做爰国产精品视频 | 欧美第一网站 | 成人午夜视频在线观 | 亚洲激情黄色 | a一级毛片免费高清在线 | 偷看各类wc女厕嘘在线观看 | 精品日本亚洲一区二区三区 | 国产成人精品一区二区免费视频 | 成人中文字幕一区二区三区 | 欧美成a人片在线观看久 | 欧美激情精品久久久久久久九九九 | 国产成人在线免费观看 | 久久99九九精品免费 | 啪视| 成人软件18免费 | 欧美中文一区 | 久久国产精品久久久久久久久久 | 国产伦精品一区二区三区精品 | 久久精品免费播放 | 亚洲国产影院 | 欧美91精品久久久久网免费 | 欧美黄网在线 | 免费看久久 | 久久啊| 在线观看黄网 | 欧美大片毛片aaa免费看 | 国产私拍福利精品视频推出 | 大尺度福利视频奶水在线 | 又黄又爽又刺激的视频 | 久久ri精品高清一区二区三区 | 久久久久国产精品 | 欧美专区视频 | 在线人成精品免费视频 |