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<h3><span>Establishing a Foreign Exchange Futures Market in China</span></h3>
<p><span>International Monetary Fund</span><br /><span>By Zhongxia Jin, Yue Zhao, and Haobin Wang</span></p>
<p><span>The paper analyzes the importance and urgency of setting up a foreign exchange (FX) futures market in China. It also examines the impact of FX futures markets on the volatility of spot markets. Additionally, the authors suggest that regulatory design changes are necessary for the establishment of a well-functioning FX futures market in China.</span></p>