Commodities futures market may open
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.