Draft of futures law signals market development By SHI JING in Shanghai | China Daily | Updated: 2021-04-27 09:08 Share A pedestrian passes the Shanghai Futures Tower. [Photo provided to China Daily]
China s first futures law, a draft of which was submitted to the country s top legislator on Monday for initial revision, is expected to regulate and further promote the development of the futures market in the country, experts said.
The Standing Committee of the 13th National People s Congress, China s top legislature, began its 28th session on Monday. During the four-day session, the purposes, principles and supervision mechanism of the futures law will be reviewed. The legislature will also review stipulations for trading, settlements and transactions, basic mechanism for other derivatives trading, protection for futures investors, futures management institutions and trading venues.
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2021-04-03 06:40:39 GMT2021-04-03 14:40:39(Beijing Time) Xinhua English
BEIJING, April 3 (Xinhua) China s futures market continued to report robust growth in the first quarter (Q1) in both trading volume and turnover, industry data showed.
The futures trading volume in Q1 stood at 1.849 billion lots, with a turnover of 141 trillion yuan (about 21.5 trillion U.S. dollars), according to the China Futures Association.
The figures rose 69.86 percent and 83.08 percent, respectively, from the same period last year.
In March alone, the futures trading volume came in at 800.6 million lots, with a turnover of 60.08 trillion yuan, the association said. Enditem
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