Investors bank on futures not shares
Source: Xinhua |
December 3, 2012, Monday
|
Print Edition
Print Edition
THE Chinese futures market is on a fast-track growth this year as disappointed investors from stock exchanges are eying the "future" to hold up the value of their investment, industry data showed yesterday.
The combined turnover of futures trading in China totaled 151.98 trillion yuan (US$24.4 trillion) in the first 11 months of 2012, up 19.69 percent from the previous year, according to data released by the China Futures Association.
November's turnover grew 26.81 percent from a year earlier and 13.75 percent from a month earlier to 17.24 trillion yuan. Soybean drove up the bullish market.
The combined turnover of futures trading in China totaled 151.98 trillion yuan (US$24.4 trillion) in the first 11 months of 2012, up 19.69 percent from the previous year, according to data released by the China Futures Association.
November's turnover grew 26.81 percent from a year earlier and 13.75 percent from a month earlier to 17.24 trillion yuan. Soybean drove up the bullish market.
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