Photo taken on Aug. 12, 2019 shows the launching ceremony of yuan-denominated natural rubber futures, the technically specified rubber (TSR) 20 futures, in Shanghai Futures Exchange in east China's Shanghai. (Shanghai Futures Exchange/Handout via Xinhua)
BEIJING, May 26 (Xinhua) -- China Securities Regulatory Commission (CSRC) will continue to broaden at a steady pace opening-up of specified futures products, reported Xinhua-run China Securities Journal citing Fang Xinghai, deputy head of CSRC on Friday.
Fang made the remarks on the 20th Shanghai Derivatives Market Forum held in Shanghai on Thursday, outlining at the same time two more aspects on further advancing futures market construction so as to facilitate the overall supply guarantee and price stabilizing of primary goods in China.
Fang stressed that CSRC will work on improving continuously the operation quality of futures market and strengthening supervision and market order maintenance.
To attract more overseas investors to thoroughly participate in pricing of primary goods futures in China, CSRC will also expand the investment products scale of qualified foreign institutional investors (QFIIs) and Renminbi QFIIs (RQFIIs).
These will help improve the influence of China's futures products price and provide more precise price signals for related industries, according to the report.
To date, China has introduced overseas investors in trading of 23 specified domestic futures products and opened trading of 39 commodity futures and options products to QFIIs and RQFIIs. Among them, products for primary goods accounted for 96 percent and 70 percent respectively. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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