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Overhaul of China's Futures Market Effective
The overhaul of China's futures market has proved effective with trading of major futures items witnessing upward trend.
Statistics showed that in the first seven months of the year, the transaction value of bronze futures increased to 287.2 billion yuan, up 49.71 percent than that of the same period last year.
In the meantime, the trading of soybean futures rose 22 percent year on year to 72.8 billion yuan.
Industry experts said that increased trading volume showed that China's futures market had, on the whole, embarked on a new road of steady growth.
At present, the country has three futures exchanges, which are based in China's largest commercial center of Shanghai, the northeast coastal city of Dalian and the central China city of Zhengzhou.
The Shanghai futures exchange integrates the operations of the former metals, commodities, grain and oil futures exchanges, while the other two futures trading centers specialize in soybean trading, and red bean and green bean trading, respectively.
Before the overhaul of the futures market, China had 14 futures trading centers.
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