China's securities regulator approves trading of polyester staple fiber futures

BEIJING - The China Securities Regulatory Commission (CSRC) has given the green light to the trading of polyester staple fiber futures, an important textile material.

Trading of the polyester staple fiber futures will be launched on the Zhengzhou Commodity Exchange starting Oct 12, according to Chang Depeng, a spokesperson with the CSRC.

Chang said that trading of the futures will help provide relevant enterprises with open, consistent and transparent price signals and effective risk-management tools, and will boost the steady and sound operation of the sector.

The CSRC will ask the exchange to make full preparations to ensure the steady operation of the trading.