China approves trading of container freight index futures on ... - India Shipping News

China's securities regulator has approved trading of Shanghai container freight index futures on the Shanghai International Energy Exchange. The futures will reflect freight rates for containers exporting from Shanghai to European ports and will be open to foreign participants. Trading will start on August 18. The new futures contract aims to help firms in exporting and shipping industries hedge risks from volatile container freight prices and is in line with China's strategy to improve marine logistics. Daily price limits and trading margin requirements have also been specified.

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