June 14, 2017

Shanghai Energy Exchange ready for oil futures trading

A domestic client opened an account in the office of Haitong Securities Co Ltd in Shanghai Free Trade Zone on Tuesday, becoming the first client to trade in China's crude oil futures. Overseas traders are still waiting for permission from relevant authorities.

Shanghai Energy Exchange will hold mock trading sessions on June 17 and 18 to test the system during the weekend holiday.

As of June 5, Shanghai Energy Exchange has registered 138 futures companies as members.