China's futures companies see double net profits in February

BEIJING -- China's futures market reported solid expansion in February, with its operating revenues and net profits posting double-digit growth.

Net profits of the country's 150 future companies amounted to 1.06 billion yuan (about $167.1 million), soaring by 98.85 percent year-on-year, according to the China Futures Association.

The operating revenue of these firms surged by 87.74 percent from a year earlier to reach 3.13 billion yuan, the data showed.

The futures trading turnover last month came in at 34.97 trillion yuan, up 0.2 percent from a year ago, while the futures volume stood at 427 million lots, the association said.