男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China to launch crude oil futures on March 26

Xinhua | Updated: 2018-02-09 20:20
Share
Share - WeChat

BEIJING - China will launch the long-awaited crude oil futures contract on March 26 at the Shanghai International Energy Exchange (INE), the country's top securities regulator said Friday.

Preparations for the launch of the oil futures have almost been completed, Chang Depeng, spokesperson for the China Securities Regulatory Commission (CSRC), told a press conference.

The move marks a comeback as the country set up a petroleum exchange in the early 1990s but soon closed trading due to reform and market factors.

According to the standardized future contract published by the Shanghai International Energy Exchange in 2017, the re-opened crude oil futures will be traded in lot sizes of 1,000 barrels. The daily price change limit is set at 4 percent from previous settlement, and the margin rate is 5 percent of contract value.

Analysts believe the Shanghai crude will be able to compete for the benchmark in the Asia-Pacific region, and hopefully become part of the 24-hour global trading system together with Brent and WTI futures.

"The Asia-Pacific region has surpassed America and Europe in crude consumption, but a benchmark with high recognition is still missing. With growing import, China has long been able to join the competition," said Wu Libo, a professor at Fudan University.

Dong Dandan, a senior researcher at Foresee Fund, said the launch of the Shanghai crude futures will likely increase the trading volume and asset positions in New York and London due to possible arbitrage trading.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 鹤庆县| 临夏县| 大埔县| 柘荣县| 华蓥市| 墨脱县| 彰化市| 黑河市| 浦县| 西充县| 赣榆县| 吴川市| 海丰县| 兴国县| 巢湖市| 张家川| 邯郸市| 虎林市| 壶关县| 丰台区| 敦煌市| 绿春县| 湘潭市| 奉化市| 新河县| 夏河县| 长宁县| 托克托县| 高邑县| 当雄县| 新邵县| 新昌县| 西昌市| 平利县| 天门市| 盘山县| 轮台县| 桂阳县| 中西区| 恩施市| 临泽县|