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China to accelerate rollout of futures and options for refined oil, natural gas

Petroleum and Natural Gas

China will speed up the rollout of futures and options for peanuts, natural gas and refined oil to help price discovery, said Fang Xinghai, Vice-Chairman of the country’s Securities Regulatory Commission.

The senior securities regulator added the country’s planned expansion of its capital markets would need a more advanced financial derivative market, Reuters reported.

“Currently, China’s financial futures and options market is at an early stage of development. It far lags market participants’ growing needs to manage their risks. It also fails to keep pace with China’s economic development and financial reforms,” Fang added.

Meanwhile, the Shanghai Petroleum and Natural Gas Exchange launched an innovative business model, allowing group purchases for LNG tenders.

Editorial Desk at Agrigate.Global

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