China's first energy options open to foreign traders made their Shanghai International Energy Exchange (INE) debut on Monday with the new crude oil contract achieving only muted volumes.
"I do see keen market interest," said Tiger Shi, managing director of broker Bands Financial, pointing to potential arbitrage opportunities between exchanges.
BANDS Financial, Horizon Insights and the LME are coming together to provide a webinar on copper market dynamics for Chinese and international markets. We'll be discussing what's driving copper prices, the global economic recovery path and the impact of policy change on copper - as well as how international clients are acessing Chinese markets.
In a world where internet memes can explain market swings, China is second to none. Early in March, with mainland equities down by 15% in two weeks - their steepest fall in years - a video circulated on Weibo, of a sheep stuck in a fence on a hill and a hiker climbing up to free it. The description of the video , in its meme incarnation, was "the national team comes to rescue me". The national team is shorthand for big state firms that are believed to stabilise the market by buying shares when they plunge.