JPMorgan to trade China futures
China's securities regulator approves a joint venture between JPMorgan and a Mainland commodities futures broker.
JPMorgan will start trading commodities futures in China next year after winning approval to form a joint venture with Zhongshan Futures, a small broker based in Guangzhou province.
The approval from the China Securities Regulatory Commission will give JPMorgan access to China's futures exchanges in Shanghai, Zhengzhou and Dalian, giving it a presence in one of world's fastest growing futures markets û turnover in Shanghai, which accounts for 60% of the market, has grown from Rmb667 billion $88.6...
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