Com­modi­ties fu­tures mar­ket may open

China Daily (Canada) - - BUSINESS -

China may open up its com­modi­ties fu­tures mar­ket to over­seas and fi­nan­cial in­vestors, the coun­try’s se­cu­ri­ties reg­u­la­tor said, as the world’s top con­sumer of many raw ma­te­ri­als seeks to play a larger role in set­ting global com­modi­ties prices. China’s com­modi­ties ex­changes will also main­tain a close eye on move­ments in the fu­tures mar­ket, China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion Vice-Chair­man Fang Xing­hai said. A surge in prices of China com­modi­ties fu­tures this year fol­lowed by a rapid slide has sparked fears of a boom-and-bust cy­cle. Fang said open­ing up the mar­ket would help sup­port China’s role as a “price maker” glob­ally and en­able do­mes­tic com­pa­nies to bet­ter cope with mar­ket vo­latil­ity.

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