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China reports robust growth in futures businesses |
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| www.chinaview.cn
2006-12-30 19:26:11
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A shareholder watches the screen on the
wall in a security company in Nanjing, Jiangsu Province, Oct. 9,
2006.(Xinhua File Photo)
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DALIAN, Dec. 30 (Xinhua) -- The year of 2006 turned out to be a big year for the
development of futures business in China, according to statistics provided by
the China Futures Association (CFA).
According to the sources, 449.48 million futures
deals were done nationwide in the year ending Friday, with the volume of
business exceeding 21 trillion yuan (about 2.63 trillion U.S. dollars), up 39
percent and 56 percent on a year ago.
Fifty-three percent of the futures deals, or 240
million transactions, were carried out at Dalian maize and soybean Futures
Exchange, up 21.35 percent on a year ago. Maize and soybean futures deals were
worth 5.22 trillion yuan, up 9.99 percent on a year ago.
The other three main futures markets are the Shanghai
non-ferrous metals and rubber futures, Zhengzhou wheat and cotton futures in
central China's Henan Province, and China's financial futures derivatives
exchange.
China financial futures derivatives exchange, created
on Sept. 8 this year in Shanghai, will start doing business early next year.
Related
stories:
China to map out new futures
regulations
BEIJING, Dec. 12 (Xinhua) -- The China Securities
Regulatory Commission is mapping out regulations to standardize the upcoming
trade of stock index futures, a brand new risk hedging tool in China, Xinhua
learned on Tuesday. China to start trading stock index
futures in early 2007
BEIJING, Oct. 24 (Xinhua) -- The trading of stock index
futures will be launched at the Shanghai-based China Financial Futures Exchange
in early 2007, the country's top regulator Shang Fulin said here Tuesday.
Trade volume on Shanghai Futures
Exchange hits record high
BEIJING, Oct. 9 (Xinhua) -- Trade volume on the Shanghai
Futures Exchange hit a record high of 9.52 trillion yuan (1.18 trillion U.S.
dollars) in the first nine months, up 98.96 percent over the same period of last
year.
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