A series of soyabean futures and options opened for trading on China’s Dalian Commodity Exchange (DCE) to foreign traders on 26 December, China Daily reported.
The items – the first varieties in China’s futures market to allow overseas traders to participate in trading of the entire series – included number 1 soyabeans, number 2 soyabeans, soyabean meal and soyabean oil, the 1 January report said.
As well as allowing companies outside China to hedge their risks, the move would increase the connection between domestic and overseas soyabean prices, Tang Qijun, vice president of the China Soybean Industry Association, was quoted as saying.
Soyabean-related futures were among the first futures contracts introduced on the exchange more than two decades ago.
The DCE has made 11 varieties and tools available to overseas traders to date, the report said.