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Li Zhengqiang, Chairman of Dalian Commodity Exchange (DCE), said at the LME Week Asia 2015 held on the 20th that DCE is taking the opportunity of opening up the iron ore futures to vigorously promote the internationalization of the futures market based in Dalian.
Li pointed out that currently the regulators have proposed the concept of particular futures products including crude oil and iron ore and DCE hopes to open the trading of the iron ore futures to overseas investors as soon as possible so as to achieve internationalization of the iron ore futures market, thus changing the situation of the relatively closed commodity futures market in China’s mainland.
In addition to promoting internationalization of the futures market, this year DCE is also actively and orderly advancing the significant business innovation in the listing of the commodity options, the development of the OTC market and other areas.
