Business
Last updated at: (Beijing Time) Wednesday, December 10, 2003
Futures exchange turnover doubled in Nov.
China's futures market is keeping its rocketing trade growth that began this September, more than doubling the exchange turnover in November over the same period last year, the latest official statistics showed here Wednesday.
The statistics provided by the China Futures Association (CFA) showed the turnover of the Chinese futures market in November rose to 1.34745 trillion yuan (163 billion US dollars), an increase of 174.91 percent.
The accumulative market turnover from this January to November valued at 9.47 trillion yuan, up 181.44 percent over the same period last year, showed the CFA statistics.
The total exchange turnover of this year would probably surpass10 trillion yuan, a 150 percent upsurge compared to that of last year, a futures analyst with the CFA predicted.
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