Sunday, May 31, 2009

China's futures transaction volume up 60% in May

China's futures trading volume in May totaled 138 million lots, up 60 percent from a year earlier, but down 20 percent from April, according to statistics released by China Futures Association (CFA) in Beijing late Saturday.

Total trading in May reached 9.37 trillion yuan (about $1.37 trillion), up 85 percent year-on-year.

The country's futures trading totaled 676 million lots, or 38.3 trillion yuan, in the first five months this year, representing a 38 percent growth in volume and 30 percent rise in value, according to the CFA. .......

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