Source:
https://scmp.com/business/commodities/article/2132765/chinas-long-heralded-crude-oil-futures-contract-start-trading
Business/ Commodities

China’s long-heralded crude oil futures contract to start trading March 26

Shanghai Futures Exchange says the contract is not a challenge to established global crude benchmarks

Shanghai Futures Exchange says the contract is not a challenge to established global crude benchmarks

China’s long-heralded crude oil futures contract will begin trading on March 26 as the world’s second-largest economy starts to gain pricing power over the commodity.

The China Securities Regulatory Commission announced after the market closed on Friday that the official launch would take place at the Shanghai International Energy Exchange, the mainland’s first commodity futures venue that allows foreign players to participate in trading.