China targeting 2014 launch of first crude oil futures


SHANGHAI: China is aiming to launch its first crude oil futures contract this year, the vice chairman of the securities regulator said on Wednesday, a move that would give the world's second largest oil consumer greater influence in global pricing.

The long-delayed contract, proposed by the Shanghai Futures Exchange (SHFE), will be China's first commodity futures contract that allows participation from overseas institutional investors without setting up a local subsidiary.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , crude , oil , futures , yuan , denominated

   

Next In Business News

Malaysia removed from US currency monitoring list
Tengku Zafrul: Longer term pain from US-China rift
Ringgit opens marginally higher against us dollar
Trading ideas: Bumi Armada, MISC, Sunway REIT, MR DIY, Teo Seng, Berjaya Food, LBS Bina
KIP-REIT buys retail asset in Perak
Brighter outlook for MMHE on diversification path
Stronger second half seen for Hap Seng Plantations
Senate probes unauthorised transactions
Vietnam lauds benefits of WTO membership
MISC’s net profit slips to RM339mil in 3Q

Others Also Read