China commodity exchanges rushing to launch futures contracts
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CHINA'S major commodity exchanges are scrambling to launch futures contracts on a range of products - from dates to electricity - as they move to tap investor risk appetite and offer the vast industrial complex ways to protect revenue.
On Friday, executives from the top three exchanges - Zhengzhou Commodity Exchange, Shanghai Futures Exchange (SHFE) and Dalian Commodity Exchange - reeled off 14 products from fruit to chemicals to power that they are studying as possible candidates for new derivatives.
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