Correspond to cross-border trade, RMB is used in denomination and settlement in Crude oil futures; Foreign investors can alternative using Dollar as margin as well.
Quote exempted from tariff and VAT, distinguished from the current China futures market. This could enhance in connecting with international market and decrease the fluctuation in policy change simultaneously.
After taking bonded spot trading quoted by net value into consideration, and bonded warehouse as a connection at home and abroad. Both spot investors and futures participants will benefit from bonded delivery.
The overall production of crude oil around the world comes from the medium crude oil is 44%. It is also major type of crude oil in China and neighboring countries. Expected to be helpful in developing authorized pricng center after forming the standard benchmark.
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