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China Daily | Updated: 2019-02-28 07:27
Iron ore futures opened up to foreign investors
China will allow overseas individual investors to participate in the trading of iron ore futures on the Dalian Commodity Exchange starting Wednesday, the exchange said in an online statement on Tuesday. The announcement came after the country opened iron ore futures to foreign institutional investors in May last year as part of financial opening-up efforts. Iron ore contracts were launched in 2013 and broadly traded among producers and traders, with futures prices closely correlated to spot prices.
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