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Year-ender: major financial events of 2020
Updated: Dec 29, 2020
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Bonded copper futures start trading on Shanghai Exchange
The trading of international copper futures was launched on the Shanghai International Energy Exchange on Nov 19 this year, on the basis of "international platform, net pricing, bonded delivery and renminbi denomination" with full engagement of overseas traders.
It is another futures product launched in China accessible to foreign investors, following crude oil, iron ore, technically specified rubber 20 and low-sulfur fuel oil futures.
The launching of the futures marks another move in the opening-up of China's futures market, and it will play a positive role in meeting enterprises' demand for risk management, Shanghai Exchange said.
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