China’s futures market continues to grow in August

Photo taken on Aug. 12, 2019 shows the launching ceremony of yuan-denominated natural rubber futures, the technically specified rubber (TSR) 20 futures, in Shanghai Futures Exchange in east China's Shanghai. (Shanghai Futures Exchange/Handout via Xinhua)

BEIJING, Sept. 5 (Xinhua) — China’s futures market continued to report year-on-year growth in both trading volume and turnover in August, industrial data showed.

The futures trading volume last month stood at 639.17 million lots, with a total turnover of 52.22 trillion yuan (about 8.1 trillion U.S. dollars), according to the China Futures Association.

The figures rose 15.88 percent and 13.61 percent from the same period last year, respectively.

In the first eight months of the year, the market’s trading volume totaled 4.97 billion lots, an increase of 36.58 percent year on year, the association said.

The January-August period saw a total turnover of 388.32 trillion yuan, up 51.18 percent year on year.  ■