国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Market sees bright futures

By Wang Lan (China Daily)
Updated: 2008-01-14 11:38

  

Developing Shanghai's futures market is essential for turning the city into an international financial center, experts say.

The past year has seen the expansion of the Shanghai Futures Exchange (SHFE), the biggest of China's three commodity exchanges, while the China Financial Futures Exchange (CFFEX) is in final preparations to launch index futures trading.

With the debut of gold contracts last Wednesday, the SHFE is trading a total of 6 commodity futures products, including contracts of copper, aluminum, zinc, gold, natural rubber and fuel oil.

To diversify its product range, the bourse plans to launch new contracts on nickel, silver and steel futures this year.

Analysts predict the Shanghai futures market will pick up speed in years to come on the back of the booming capital market and national economic growth.

Compared with the other two exchanges, the Shanghai bourse is playing a particularly crucial role in the development of the nation's futures market.

Statistics show that in 2007, the total turnover of all futures contracts on the SHFE amounted to 21.76 trillion yuan ($2.99 trillion), up 72 percent from the year before. It accounted for no less than 70 percent of the combined volume of futures transactions on all the nation's commodity exchanges.

Industrial experts and analysts say that as the futures market has expanded and efficiency has been improved in recent years, Shanghai has emerged as an international center for setting commodity market prices.

"Shanghai's commodity futures market is stepping up efforts to expand the range of products and deepen the pool of liquidity to suit the increasing needs of the nation's rapidly growing economy," says Gong Yangshu, a professor at Shanghai University of Finance and Economy.

All futures contracts have been traded actively on the SHFE in the past year. Zinc is a case in point. Since it started trading in April, zinc contracts have attracted a large number of traders, with total turnover amounting to 2.29 trillion yuan in the following eight months. Investors also showed increasing enthusiasm for copper futures in 2007. The turnover of copper contracts on the SHFE totaled 9.35 trillion yuan in 2007, up 189 percent from the year before.

Industrial analysts and experts say China's position as the world's major commodity producer and consumer has helped Shanghai become a pricing center. During the past several years of development, the SHFE has become an important pricing center for nonferrous metals. According to SHFE statistics, the coefficient index, an indicator reflecting the correlation between London Metals Exchange copper prices and those in Shanghai, has increased from less than 10 percent to 40 percent.


(For more biz stories, please visit Industry Updates)

   1 2   


台前县| 西安市| 西青区| 乐平市| 宁津县| 江安县| 垫江县| 临沂市| 铁岭市| 克拉玛依市| 建阳市| 太和县| 朝阳区| 眉山市| 隆安县| 宜春市| 唐山市| 易门县| 长垣县| 化德县| 石渠县| 丽水市| 司法| 崇州市| 绍兴县| 南投县| 田林县| 富锦市| 丽江市| 盘锦市| 蒙自县| 兴和县| 洪雅县| 平泉县| 咸丰县| 和平区| 长汀县| 罗平县| 鄂尔多斯市| 秦皇岛市| 青川县|