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China’s commodity exchanges to open to foreign investors – China’s latest business and technology news


Once a strictly regulated market only reserved for domestic investors, China’s commodity exchanges are gradually opening up to foreigners as part of an effort to increase the influence of the yuan — global benchmarks on commodities are still mostly priced in dollars. In addition to the expansion of investments permitted for foreign investors, Chinese exchange operators also plan to add futures contracts for key raw materials, including apples and cotton yarn, as well as options on copper and corn, according to Bloomberg.

Progress has been slow this year. In March, Dalian published a hog-price index, indicating a start of trading in related futures. In early April, Zhengzhou Commodities Exchange said that it had finished a draft contract design for apple futures. However, breakthroughs on real changes are rare, as the China Securities Regulatory Commission has yet to approve any new futures contracts.


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Jiayun Feng

Jiayun was born in Shanghai, where she spent her first 20 years and earned a bachelor’s degree in journalism at Fudan University. Interested in writing for a global audience, she attended the NYU Graduate School of Journalism for its Global & Joint Program Studies, which allowed her to pursue a journalism career along with her interest in international relations. She has previously interned for Sixth Tone and Shanghai Daily.