China to open futures market wider

China will take multiple measures to expand the opening-up of its futures market, the top securities regulator said on Dec 25.

China will expand the scope of specific futures varieties, enhance the participation of overseas traders and support overseas financial institutions with good global reputation and business performance to hold a stake in or control domestic futures firms, Gao Li, spokesperson with the China Securities Regulatory Commission, told a press briefing.

The commission will also support qualified domestic futures firms to set up, acquire or hold a stake in overseas futures operators, Gao said.