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BEIJING, May 28 (Xinhua) The China Securities Regulatory Commission (CSRC) has given the green light to the trading of crude oil and palm oil options and app
The China Securities Regulatory Commission (CSRC) pays great attention to commodity price fluctuations and has been cracking down on irregularities in the futures market, it said on Friday, amid worry about higher prices being passed on to consumers.
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China s securities regulator approves crude- and palm-oil trading
Xinhua
29 May 2021, 03:18 GMT+10
BEIJING, May 28 (Xinhua) The China Securities Regulatory Commission (CSRC) has given the green light to the trading of crude oil and palm oil options and approved the introduction of overseas investors in the trading, according to a CSRC announcement on Friday. Crude-oil trading will launch on the Shanghai International Energy Exchange starting from June 21. Palm-oil trading, in turn, will launch on the Dalian Commodity Exchange on June 18. Crude oil and palm oil are substantive bulk commodities. Since the listing of relevant futures contracts, the market has been generally stable, with extensive industrial customer participation, the CSRC said.