The Shanghai Futures Exchange plans to broaden the number of commodity futures contracts denominated in yuan and eligible for trade by foreigners. Photo: Reuters
China to open up access to yuan-denominated commodity futures contracts as trade war escalates
- China’s largest commodity exchange plans to launch rubber and non-ferrous metals contracts that will be open for trade by foreigners
- Futures contracts tied to crude oil on the Shanghai International Energy Exchange saw turnover of 17.1 trillion yuan (US$2.48 trillion) in 12-months since launch in March 2018
The Shanghai Futures Exchange plans to broaden the number of commodity futures contracts denominated in yuan and eligible for trade by foreigners. Photo: Reuters
