BEIJING, June 30 (Reuters) – The China Securities Regulatory
Commission (CSRC) has recently approved the launch of cotton
yarn futures on the Zhengzhou Commodity Exchange, it said on its
website on Friday.
* China is adding new contracts on its commodity exchanges
to meet strong investor appetite in the world’s No 2 economy
* Fluctuation in cotton yarn prices has had substantial
impact on an industry that employs 2.5 million people, and
involves 9,000 companies, said the CSRC.
* Yarn futures will help the industry hedge against risk,
and promote stable operations, building on the cotton futures
already traded for several years, it added.
Source: www.nasdaq.com