China Plans Commodities Overhaul to Attract Global Investors
China is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange unveiled an internationalization plan to streamline access for overseas investors.
The country's biggest raw materials bourse is soliciting views on a proposal to let participants post foreign exchange as collateral for yuan-denominated trades, according to a statement on Tuesday. Restrictions on foreigners and their capital are an oft-cited reason for China's failure to punch its weight in international markets.
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