BIZCHINA / News |
Exchange plans weather futures(Xinhua)Updated: 2007-01-18 15:55 China is working to establish weather futures as part of efforts to offer hedge tools for farmers and insurance companies to minimize weather-related losses and risks. The Dalian Commodity Exchange, one of China's largest futures exchanges, recently submitted the contracts of a special temperature index it had made with the National Climatic Data Center to the China Securities Regulatory Commission for approval. The Dalian Commodity Exchange formed a partnership last year with the Chicago
Mercantile Exchange of the United States, which already has weather futures
transactions. (For more biz stories, please visit Industry Updates)
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