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CHINA PRESS: China To Launch Weather Risk Index

CHINA PRESS

The China Meteorological Administration has released the China Financial Meteorological Index Platform to provide meteorological risk exposure services to the financial sector, Securities Daily has reported. Financial meteorology has emerged in China to help investment institutions control risk and develop weather derivatives, risk assessment, and prediction tools, the daily noted. Looking ahead, the platform will integrate meteorological services for banking, insurance, securities, futures and other industries.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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