securities regulator approves trading of polyester staple fiber futures

Trading of the polyester staple fiber futures will be launched on the Zhengzhou Commodity Exchange starting Oct. 12, according to Chang Depeng, a spokesperson with the CSRC.

Photo/VCG

The China Securities Regulatory Commission (CSRC) has given the green light to the trading of polyester staple fiber futures, an important textile material.

The CSRC will ask the exchange to make full preparations to ensure the steady operation of the trading.

Chang said that trading of the futures will help provide relevant enterprises with open, consistent and transparent price signals and effective risk-management tools, and will boost the steady and sound operation of the sector.