Chinese regulator has backed the launch of crude futures in Shanghai
The main Chinese futures regulator has
opened a consultation on proposed rules that will bind
non-Chinese firms when they start trading crude oil futures on
the Shanghai Futures Exchange.
The China Securities Regulatory Commission
said in December it had approved foreign prop firms and brokers
to access crude futures on the International Energy Centre,
part of SFE, when that goes live on an unspecified date.
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