China Jan-Feb futures market transactions up 118.14pct on yr to 71.34 trln
BEIJING, Mar. 2 (Xinhua) -- China's futures market transactions reached about 71.34 trillion yuan in the first two months of the year, a jump of 118.14 percent from the same period of last year, according to the latest data provided by the China Futures Association.
Meanwhile, the futures market's trading volume in January-February amounted to about 422.3 million lots, surging 51.57 percent year on year, said the association.
However, the country's futures market transactions in February went down from a month earlier.
In February, the country's futures market transactions amounted to about 26.57 trillion yuan, up 84.81 percent year on year, but down 40.65 percent month on month.
Its futures market's trading volume in February stood at 159.7 million lots, up 29.23 percent year on year, but down 39.18 percent month on month.
Factors including the Spring Festival holiday (February 18-24), shrinking transactions of the financial futures contracts, and sharp month-on-moth fall in transactions of the 18 most active commodity futures contracts led to the fall in February's transactions, said Wang Jun, head of the Founder CIFCO Futures Institute.
The country's futures exchanges include Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange. (Edited by Hu Pingchao, firstname.lastname@example.org)