China's securities regulator ordered the country's major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle.Volume has fallen. Prices initially dipped and rebounded, but if volume stays down, prices will follow.
In response, commodity futures exchanges in Dalian, Shanghai and Zhengzhou ordered major institutional investors that lack a commodities background to rein in their trading, three people with direct knowledge of the situation said. The sources didn't define what was meant by a lack of background in commodities.
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Source: HK Monetary Authority | Source date: 19-Apr-2024 22:23
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