China this year launched 12 new commodity derivative products.
Total futures trading turnover jumped 46% during the first 11 months of 2020 to 382.5 trillion yuan ($58.53 trillion), fueled by rising risk-hedging needs due to the coronavirus.
Institutional holdings in the commodities market jumped by 38 per cent, Mr Fang added.
Hog futures will be launched on January 8, and China will also look into carbon futures to help Beijing meet its pledge to become carbon neutral by 2060, he said.
Addressing the same forum, Zhengzhou Futures Exchange chairman Lu Dongsheng said his exchange would make every effort to prepare for the launch of a wide range of new futures products, including peanuts, chicken, steel billet, caustic soda and paraxylene.
China s commodity exchange to start trading hog futures on Jan 8 - Xinhua
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