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China Should Increase Commodity Pricing Influence: Times

CHINA PRESS
MNI (Singapore)

China should increase its strength in setting prices of global commodities as its futures market opens up, and focus on promoting soybeans, palm oil, PTA and crude oil in Asian trading hours, the Securities Times reported citing a speech by Vice Chairman of China Securities Regulatory Commission Fang Xinghai. China will steadily promote the development and listing of new commodity and financial futures, as well as continue to expand the range of specific open varieties, promote the institutional opening, and strengthen cross-border supervision with overseas regulators, the newspaper cited Fang as saying.

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