BIZCHINA> Top Biz News
![]() |
Shanxi plans coal futures bourse
By Bi Xiaoning and Wang Ying (China Daily)
Updated: 2009-06-03 10:54 ![]() Sorry, the page you requested was not found.Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home pageCopyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
![]() ![]() Shanxi province, China's largest coal producer, said it has plans to establish the country's first coal and coke futures exchange to help stabilize the domestic market and secure a bigger voice in international pricing. "We have submitted a feasibility study to the authorities with the aim of establishing the market in 2012," said Wang Hua, director at the Shanxi provincial capital market development office.
"China is the world's largest coal-producing country, which is in need of a coal-related futures exchange to get more rights on international pricing. If it's difficult to set up the bourse in Shanxi, we expect to cooperate with the other commodity bourses to launch the futures products," Wang said. Shang Fulin, chairman of China Securities Regulatory Commission (CSRC), yesterday said at the sixth Shanghai Derivatives Market Forum that the CSRC would continue to encourage more futures products in China to help domestic enterprises hedge against financial risks. Shanxi seems to be the ideal location for the bourse as it is near the producing areas and has a convenient transportation and logistics network. Some analysts, however, feel that the market should not be located in Shanxi, as producers close to the provincial government could dominate it. "The coal-producing province may have more incentives to protect local producers and this could interrupt a fair pricing mechanism. So, it would be better to locate the bourse in a mature financial center," said Han Xiaoping, a veteran energy analyst with Beijing Falcon Pioneer Technology Co. (For more biz stories, please visit Industries)
![]() Sorry, the page you requested was not found.Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home pageCopyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
![]() ![]() Popular in 24 Hours Popular in 1 Week
|