IN BRIEF (Page 6)

Crude futures to debut this year

China took a step closer to adding crude futures to its domestic commodities markets as the world's second-biggest oil consumer seeks greater influence in determining the price of raw materials. The Shanghai International Energy Exchange will start yuan-denominated crude futures in the city's free trade zone at the end of this year, Lu Feng, an official at the bourse, said on Friday. The contract will trade in 100-barrel lots, with an American Petroleum Institute gravity of 32 degrees and sulfur content of 1.5 percent.

CSRC signs two cooperation MOUs