BEIJING — China's futures market mushroomed during the first 11 months of this year with soaring market transactions, official data showed.

Combined turnover of the futures market climbed 36.67 percent in the first 11 months from a year earlier to 262.74 trillion yuan (about $37.32 trillion), according to the China Futures Association.

In November alone, the trading stood at 27.31 trillion yuan, up 30.8 percent year-on-year.

During the January-November period, the Shanghai Futures Exchange and the China Financial Futures Exchange were the top two bourses in terms of trade value, which stood at 87.66 trillion yuan and 62.71 trillion yuan, respectively.