CHINA: CSRC approves listing of iron ore futures contracts on DCE

Tuesday October 15 2013

The China Securities Regulatory Commission (CSRC) has issued an official reply to the Dalian Commodity Exchange (DCE) in respect of the request to list iron ore futures on the exchange. The reply notes the following:

I. The listing of the iron ore futures contracts on the DCE is approved.

II. DCE should determine the specific time of the listing of the contracts in accordance with the market conditions and the progress of the preparations.

III. In a highly responsible way and in accordance with the requirements for “high standards, steady start”, DCE should further make the preparations effectively before the listing so as to ensure the smooth introduction and stable operation of the iron ore futures.

IV. After the listing of the iron ore futures, DCE should, in line with the fundamental requirements for serving the real economy, pay close attention to the conditions of the iron ore spot market, and effectively prevent and resolve the market risks; your exchange should strengthen the market supervision over the iron ore futures.

DCE should also inform the China Securities Regulatory Commission of important issues during the course of organising the trading of the iron ore futures contracts.

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