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Guangzhou, Guangdong Province, China, December 1, 2022. /CFP
China's top securities watchdog has greenlighted the trading of industrial silicon futures and options in the Guangzhou Futures Exchange.
The introduction is conducive to improving the price formation mechanism of industrial silicon, and enhancing the risk management abilities of market players, the China Securities Regulatory Commission said in a statement on Friday.
It will also promote the development of a low-carbon economy in China, the world's largest industrial silicon producer, consumer, and exporter, the statement added.
The Guangzhou Futures Exchange, the fifth of its kind in China, was established in 2021 with a focus on products related to green and sustainable development.
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Disinformation report hotline: 010-85061466