CHINA: CSRC consultation would permit China foreign investment in commodity futures

Tuesday January 6 2015

The China Securities Regulatory Commission has published draft rules which would, if approved, permit foreign investors to trade in some of the country`s commodities futures.

The draft guidelines, issued on 31st December, propose increasing the number of futures contracts open to foreign investors, as well as operational procedures and cross-border legal supervision.

The Shanghai Futures Exchange`s crude oil futures would be the first contract qualified foreign investors would be able to trade. Foreign investors could participate via either approved overseas or local brokerages. Foreign investors may also apply for direct trading licences with the exchange.

The consultation is open until 31st January.

Click on the above link for more details (in Chinese).