Futures Sector: Futures and Energy Exchange

futures sector: China began the trading of yuan-denominated, natural rubber futures - the technically-specified rubber TSR 20 futures - earlier this month, becoming the country's fourth commodities futures to open to both home and overseas investors, according to Global Times China. The preceding three were crude oil futures, purified terephthalic acid PTA futures and iron ore futures. Photo IC China's futures sector, a relatively niche market compared with other financial services such as securities and shares, has become more diversified in commodities and more open to both domestic and foreign investors, showcasing its attractiveness. Listed on the Shanghai International Energy Exchange, the futures are contracts scheduled to be delivered from February to July next year. Accelerating the opening of China's financial sector will help the country better integrate with the international markets amid the risks of escalating trade tension between China and the US, said Fang Xinghai, Vice Chairman of China Securities Regulatory Commission, at the launch ceremony of the TSR 20 futures on August 12. The launch of TSR 20 trading will promote risk management in related industries using the futures market, and will form a multi-layer system interconnecting domestic and overseas markets, according to Jiang Yan, Chairman of the Shanghai Futures Exchange, Xinhua News Agency reported. (news.financializer.com). As reported in the news.