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| Futures Trading Booms in January |
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For the first month of 2006, total turnover in China's futures market was up 33.91 percent year-on-year, the China Securities Journal reported Tuesday. The futures turnover reached 1.13 trillion yuan (US$141 billion) in January, the newspaper said, citing the latest figures from the China Futures Association. The majority of futures trading in January came from white sugar and bean oil, whose turnover reached 31.6 billion yuan (US$3.92 billion) and 61.67 billion yuan (US$7.65 billion) respectively, according to the association. Total turnover on the Shanghai Futures Exchange accounted for 48.11 percent of the nation's total, up 2.25 percent year-on-year. Total turnover on the Dalian Futures Exchange accounted for 41.08 percent of the nation's total, jumping 160.88 percent year-on-year. Total turnover on the Zhengzhou Futures Exchange accounted for 10.81 percent of the nation's total, down 9 percent year-on-year. (Xinhua News Agency February 8, 2006) |
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