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 รป turnover in Shanghai, which accounts for 60% of the market, has grown from Rmb667 billion $88.6...

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