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Futures Markets in China Reports Brisk Business
Some 68.82 million deals were made on futures markets throughout China in the first eight months of the year, with the contracted transaction volume amounting to 1. 75 trillion yuan (about 210.6 billion U.S. dollars).
Sources from the China Futures Industry Association said that both figures are higher than those for the whole of 2000.
And 80.46 percent of the country's futures business deals were made at the futures commodity exchange of Dalian, a port city in northeast China's Liaoning Province, with 66.92 percent of the contracted transaction volume being inked there.
The futures exchange in Shanghai completed 8.7 percent of the business deals, with 27.45 percent of the contracted transaction volume, while the futures market in Zhengzhou, capital of central China's Henan Province, made 10.84 percent of the country's future business deals and inked 5.63 percent of the contracted transaction volume.
The goods traded on futures markets are copper, aluminum, natural rubber, wheat, soybean and bean dregs, with soybean, wheat and copper being the hottest commodities at the three futures markets, said the sources.
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