10/15, 1:15 PM (Source: TeleTrader)
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China to expand foreign access to derivatives transactions

The People's Bank of China (PBoC) and China Securities Regulatory Commission (CSRC) announced on Friday that they will expand access to Chinese financial derivatives transactions to qualified foreign investors.

Overseas investors will be able to trade commodity futures and commodity options and to hedge stock options positions from November 1.

The PBoC and the CSRC expect that the move will help the country "attract more foreign funds" and "increase the international influence of the domestic capital market."

Baha Breaking the News (BBN) / MS