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Futures exchange to hold trials for zinc trading

(AP)
Updated: 2007-03-19 14:18

Last Friday, the government issued new rules for futures trading, including financial futures and options contracts trading as well as commodities futures.

The new rules, which take effect April 15, end a ban on futures trading by financial institutions and allow them to raise funds and offer securities for futures trading, according to the official Xinhua News Agency.

The regulations will establish the foundation for introducing stock index futures, which are due to be launched by midyear, it said.

The China Financial Futures Exchange, based in the Shanghai Futures Exchange, was launched in September 2006 and has since conducted simulation trading in preparation for real trading.