A期客The CSRC recently approved the Zhengzhou Commodity Exchange to conduct soda ash futures trading. The soda ash futures contract is officially listed for trading on December 6, 2019.
Soda ash is an important basic chemical raw material widely used in building materials, petrochemical, printing and dyeing, metallurgy and food processing. China is the world’s largest producer and consumer of soda ash. The development of soda ash futures trading will help to improve the soda ash price formation mechanism, meet the risk management needs of industrial chain enterprises, and promote the healthy and stable development of relevant entities.
In the next step, the CSRC will urge the Zhengzhou Commodity Exchange to continue to make preparations to ensure the smooth launch and healthy operation of soda ash futures.
Reply to the agreement on the Zhengzhou Commodity Exchange to carry out soda ash futures trading
Zhengzhou Commodity Exchange:
The “Request for the listing of soda ash futures” (Zheng Shangshang issued [2019] No. 105) that you submitted was received. According to the “Regulations on the Administration of Futures Trading” and the “Administrative Measures on Futures Exchanges” (CSRC Order No. 42), the following approvals are as follows: You agree to organize the soda ash futures trading, please do all the supervision work to ensure the soda ash futures. Smooth operation and healthy development.
China Securities Regulatory Commission
November 8, 2019
