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Shanghai Futures Exchange to open wider for foreigners to challenge London
By Lewis Jackson
Reuters
lTuesday, May 27, 2025
BEIJING -- The Shanghai Futures Exchange today released draft proposals to further open up domestic futures to overseas investors and brokers as part of an effort to help internationalize the renminbi.
China is the largest consumer of industrial metals by far, but much of the trade is priced by overseas benchmarks. The Shanghai exchange has long been working on plans to build its global presence and challenge the dominance of the rival London Metal Exchange.
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The 34 different proposals, which stretch from options trading and hedging to tin futures, aim to "fully introduce overseas participants" and help internationalise the renminbi, the exchange said. ...
... For the remainder of the report:
https://finance.yahoo.com/news/shanghai-futures-exchange-open-wider-131252229.html
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