Zhengzhou Commodity Exchange to expand futures market
Officials say the new policy will continue to promote international development and accelerate projects in 'Belt and Road' countries to help open China's economy to the outside world
The Zhengzhou Commodity Exchange will continue to promote international development and help domestic enterprises to expand outside of China, the China Securities Journal reported, citing an official announcement on Thursday.
Exchange officials say the new policy will help open China’s economy to the outside world.
“The futures market itself is a global market — opening the futures market is thus an inherent demand,” said Xiong Jun, general manager of Zhengzhou Commodity Exchange.” Zhengzhou Commodity Exchange will continue to promote international development, including opening up certain futures, promoting bonded delivery, setting up overseas offices and accelerating projects along ‘Belt and Road’ countries.”
The latter countries and regions enjoy a wealth of chemical, energy, agricultural, sideline products and other resources, which fits the variety of listed futures in the Zhengzhou Commodity Exchange, the report said.