Palm oil options trading launched in China, open t

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Palm oil options trading launched in China, open to overseas investors - Today News Post Today News || News Headlines

DALIANs full piece: Up to 50 children in GTA hospitals to transfer to SickKids to free up beds for COVID-19 patients., June 18 (Xinhua) — China on Friday started the trading of palm oil options at the Dalian Commodity Exchange (DCE) and allowed overseas investors to participate, marking another step in the country’s financial opening-up pushThe coming days..

The move made palm oil options the first yuan-denominated options contracts listed in China open to overseas investors, the DCE saidIn hindsight, they may also have been a harbinger of what was to come fo.

China is a major importer and consumer of palm oil in the world, with its import and consumption volumes accounting for 15 percent and 10 percent of the world’s total, respectively.

By launching palm oil options and including overseas investors in the trading, the country can provide risk management tools for market entities and contribute to the coordination of international supply and industrial chains, as well as ensure the quality development of its futures market, the DCE said.

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