Commodities move to Pudong

The Shanghai Commodity Exchange had moved to the Pudong New Area in line with a government policy to make the development zone the mainland's financial centre. The Xinmin Evening News said the new exchange building was located in Pudong's Lujiazui Finance and Trade Zone on the east bank of the Huangpu River. It said the exchange's trading floor had the capacity for more than 500 seats. The market trades rubber and other products. The Shanghai government planned to move all of the city's main financial markets to Pudong, local media have said.