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Article: Ten major Chinese companies granted access to foreign futures markets for risk hedging.
- Article from:
- China Business News
- Article date:
- April 8, 2003
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Ten major Chinese companies granted access to foreign futures markets for risk hedging
Shanghai. April 8. INTERFAX-CHINA - Ten major Chinese companies, including seven metals smelters, will be permitted to trade futures contracts on overseas markets for risk hedging purposes, a spokesman for one of the ten companies, Henan Yuguang Gold and Lead Co. Ltd., told Interfax.
According to a notice received by Yuguang Gold and Lead in late March from the China Securities Regulatory Commission (CSRC) and the former State Economic and Trade Commission (SETC), the other six metals companies are the Aluminum Corp. of China, Jiangxi Copper, Zhongjin Linnan Nonfemet ...