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[ferro-alloys.com]  After careful preparation, the preparation for the introduction of iron ore futures into the trading of foreign traders has been completed, CSRC announced on April 13. With consideration of all factors, iron ore futures will be formally introduced into foreign traders on May 4, 2018. That means the introduction of iron ore futures to foreign traders is about to be practicable.
Chairman Xi Jinping put forward on the Boao Forum for Asia this year, the financial industry will greatly ease market access, increase the openness, broaden areas of cooperation, open the new situation of Chinese door to the outside world. Fang xinghai, vice chairman of the China securities regulatory commission said before that Chinese finance will change the world in the future. Under this background, the iron ore futures is confirmed to the date of introducing foreign traders, which is China's positive response in capital market to financial open, and is also direct performance of the Chinese economy to participate in global economic governance.
The introduction of iron ore futures to foreign traders is significant as China's first publicly traded futures variety to be opened to the outside world. China is the world's largest iron ore importer, construct and discover a transparent, broadly representative pricing benchmark in mainland China with global investors, not only conducive to guide the iron ore industry related capital circulation configuration worldwide and improve the efficiency of risk aversion, also conducive to establish a just and reasonable new order of international trade, deeply serve global steel industry. 

• [Editor:Wang Linyan]