The trading volume of China's futures market increased by 48.89 percent year on year to 1.059 billion lots in July, bringing the total turnover to 71.31 trillion yuan (about 9.93 trillion U.S. dollars) , a year-on-year increase of 36.03 percent, according to data released by the country's futures authorities on Tuesday.
In the first seven months of the year, the trading volume of the futures market in China increased by 23.11 percent to 5.135 billion lots, and the total turnover surpassed 411.04 trillion yuan (about 57.25 trillion U.S. dollars) in the period, up 23.09 percent year on year, showed the data, released by China Futures Association.
By the end of July, China had offered 152 listed futures and options products.
Traditional heavyweights, like gold, crude oil, rebar, soda ash and glass, dominated turnover, underscoring persistent demand for safe-haven assets.
Driven by the country's policy to ensure stable economic growth, there are also signs of marginal recovery in the infrastructure and real estate sectors, according to the data.
In July, the transaction volume of new energy feedstocks such as polysilicon, lithium carbonate, and industrial silicon surged, signaling the green energy industry chain including photovoltaics and lithium batteries is shifting to a new stage of high-quality development guided by technological progress and efficiency improvement.
From a financial perspective, the trading volume of CSI 1000 stock index futures and 30-year treasury bond futures led the pack, signaling investors' increasing appetite for small and medium-cap growth stocks and the market's intense focus on the development trend of long-term rates.
China's futures market sees 48.89 percent year-on-year growth in July
China's futures market sees 48.89 percent year-on-year growth in July
