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Article: Leading Chinese metal smelters granted access to foreign futures markets for risk hedging.
- Article from:
- China Business News
- Article date:
- April 11, 2003
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Leading Chinese metal smelters granted access to foreign futures markets for risk hedging
Shanghai. April 11. INTERFAX-CHINA - Ten major Chinese companies, including seven metal smelters, have been permitted to trade futures contracts on overseas markets, company sources told Interfax. The move will enable companies to attempt to hedge the risks they are exposed to on international markets, they noted.
According to a notice released in late March by the China Securities Regulatory Commission (CSRC) and the former State Economic and Trade Commission (SETC), the seven metal smelters are the Aluminum Corp. of China (Chalco), Jiangxi Copper, Yuguang Gold & ...