Chen Huaping, vice-chairman of China Securities Regulatory Commission (CSRC) has announced that China will increase the types of futures and options that can be directly traded by overseas investors.
Commodity futures and options accessible to qualified foreign investors will also be expanded in an orderly manner, Chen said at the 19th China (Shenzhen) International Derivatives Forum held on December 7.
The Chinese derivatives market has provided a total of 143 options on futures and that the to-be-increased products will focus on key fields related to upgrading and transitioning of traditional industries and new and future industries.
Chen revealed that from January to November 2024, the Chinese derivatives market saw transactions of nearly 562 trillion yuan (US$80.3t), about 8 percent more than the same period of 2023. By the end of November, the market had 2.49 million customers with a total capital of 1.73 trillion yuan (US$247.1b), 12.86 percent and 14.97 percent growth year-on-year.
Chen said many products open to overseas investors, especially crude oil, rubber, terephthalic acid (a polyester precursor) and iron ore, have generated a strong pricing influence on Pacific-Asia regions. Overseas exchanges will be allowed to launch more financial products linked to Chinese onshore futures prices, Chen said.
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