Business / Markets

Futures market records major increase

By WU YIYAO in Shanghai ( Updated: 2014-01-03 19:04

Trading value in China's futures market in 2013 reached 267.4 trillion yuan ($44.2 trillion), a 56.3 percent year-on-year increase, China Futures Association said on Thursday.

Combined trading volumes in the futures market in 2013 jumped to 2.06 billion contracts, 42.15 percent year-on-year growth, the CFA said.

China's Financial Futures Exchange's trading volume jumped to 190 million contracts in 2013, an 84.22 percent increase with trading value of 141 trillion yuan, representing an 85.92 percent year-on-year increase.

Futures products expanded from 30 to 39 in 2013. Analysts said investors favor older products over new ones, and combined trading value of the nine new products in 2013 accounted for less than 1 percent of that of the market.

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