Iron ore futures get CSRC go-ahead

China's top securities regulator said on Friday that it has approved iron ore futures trading on the Dalian Commodity Exchange.

The approval came one week after the relaunch of treasury-bond futures on the China Financial Futures Exchange in Shanghai.

"The commodity exchange in Dalian must still complete all of the pre-listing procedures and choose a proper debut according to market conditions," a spokesman for the China Securities Regulatory Commission said.