BEIJING, May 28 (Xinhua) -- The China Securities Regulatory Commission (CSRC) has given the green light to the trading of crude oil and palm oil options and approved the introduction of overseas investors in the trading, according to a CSRC announcement on Friday.
Crude-oil trading will launch on the Shanghai International Energy Exchange starting from June 21. Palm-oil trading, in turn, will launch on the Dalian Commodity Exchange on June 18.
Crude oil and palm oil are substantive bulk commodities. Since the listing of relevant futures contracts, the market has been generally stable, with extensive industrial customer participation, the CSRC said.
It also noted that introducing overseas investors in related listed options helps meet the tailored and refined risk management demand of domestic and overseas real economy entities. It also promotes the stable and healthy development of relevant industries.
The CSRC is paying close attention to the market operation of agricultural products, energy, minerals, and other futures options related to the economy and people's livelihood, CSRC spokesperson Gao Li told a press conference Friday.
The commission will effectively guard against market risks and curb excessive speculation, and resolutely investigate and punish violations of laws and regulations in the futures market. It will also actively cooperate with the relevant departments in implementing macro regulations on bulk commodities, Gao added. Enditem
