Foreign Traders Can Trade Iron Ore Futures

The iron ore futures of the Dalian Commodity Exchange officially opened its international journey yesterday, which has attracted much attention. At 9 a.m., Fang Xinghai, vice chairman of the China Securities Regulatory Commission, and Tan Zuojun, member of the provincial party committee and party committee secretary, jointly celebrated that iron ore futures can be traded by overseas traders. Mayor Tan Chengxu and Eisenjou, head of headBrazil Vale in China , attended the meeting and delivered speech. The ceremony was attended by Municipal leaders such as Wang Qiang, Li Pengyu, the responsible people of relevant state ministries, financial institutions, and industry associations, and the heads of Hong Kong Securities Regulatory Commission and exchanges.

Fang Xinghai, on behalf of the China Securities Regulatory Commission, congratulated that iron ore futures can be traded by overseas traders. He said that it is the first time for futures opening to outside in China. The relevant producers, traders, consumers and investors of the global iron ore industry will participate in Dalian iron ore futures more freely and conveniently, which is conducive to improving the global iron ore market mechanism, guiding the optimal allocation of global resources, promoting the healthy, stable and sustainable development of related enterprises, and providing a "China financial solution" for the development of world industrial civilization.

Eisenjou said that it is an important milestone in the history of China's futures, and Vale will fully support the sustainable development of the Chinese steel industry through this international trading platform.