China plans more foreign access to futures markets: securities regulator

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SHANGHAI (Reuters) – China is looking to give foreign investors more access to its futures market and will accelerate the launch of TSR 20 rubber, rice and fertiliser futures, a China Securities Regulator Commission (CSRC) official told an industry forum on Tuesday.

“China will encourage state owned enterprises, private companies and institutional investors to invest in futures products,” Lu Dongsheng, Director General of CSRC’s Futures Department said at the Shanghai Derivatives Market Forum.

Shanghai Futures Exchange Chairman Jiang Yan said the TSR 20 standard rubber contract would be the second Shanghai commodities futures to be opened to international investors after crude oil.

Reporting by Meng Meng; writing by Shivani Singh; editing by Richard PullinOur Standards:The Thomson Reuters Trust Principles.

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