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China’s securities regulator approves trading of new futures products

Updated: Jul 6,2019 6:53 AM     Xinhua

BEIJING — The China Securities Regulatory Commission (CSRC) gave the green light to the trading of TSR 20, urea and polished round-grained rice futures on July 5.

Trading of the futures will be launched on the Shanghai International Energy Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange starting Aug 12, Aug 9 and Aug 16, respectively, according to Chang Depeng, a spokesperson with the CSRC.

The futures will help provide open, consistent and transparent price signals as well as effective risk management tools for related industries, Chang said.

Overseas investors will be introduced in the trading of TSR 20 futures, an important raw material for producing tires.

Urea is a type of chemical fertilizer with the highest sales volume, while the round-grained rice is one of three rice varieties in China, according to the CSRC.

The CSRC has asked the three exchanges to make full preparations to ensure steady operation of the trading.