China-Crude Oil Options/Trading

Trading of crude oil options launched in China

  • English
  • Pусский

Shotlist


Shanghai, China - June 21, 2021 (CCTV - No access Chinese mainland)
1. Various of trading floor, electronic screens showing information of crude-oil options
2. SOUNDBITE (Chinese) Jiang Yan, Chairman, Shanghai Futures Exchange (partially overlaid with shot 3):
"Crude-oil futures are the first commodity futures opened to overseas investors. Since its launch on March 26, 2018, the trading of crude-oil futures has been stable, attracting investors from 24 countries and regions, while providing effective tools for domestic and foreign entities to manage risks. Today, the trading of crude-oil options is also launched, acting as an effective complement to the crude-oil futures. Crude-oil futures and crude-oil options will supplement each other to provide more efficient risk management services for the domestic and foreign industrial customers."
++SHOT OVERLAYING SOUNDBITE++
3. Sign of Shanghai Futures Exchange
++SHOT OVERLAYING SOUNDBITE++

FILE: China - Exact Date and Location (CCTV - No access Chinese mainland)
4. Various of crude oil gathering, processing facilities

Storyline


China on Monday launched the trading of crude-oil options at the country's Shanghai International Energy Exchange.

The crude-oil option is among the first batch of options in China that open to overseas investors.

A total of 96 options contracts have been listed on the first trading day with transactions running actively and steadily.

The options volume stood at 2004 during the morning period, involving 25.59 million yuan (3.96 million U.S. dollars).

"Crude-oil futures are the first commodity futures opened to overseas investors. Since its launch on March 26, 2018, the trading of crude-oil futures has been stable, attracting investors from 24 countries and regions, while providing effective tools for domestic and foreign entities to manage risks. Today, the trading of crude-oil options is also launched, acting as an effective complement to the crude-oil futures. Crude-oil futures and crude-oil options will supplement each other to provide more efficient risk management services for the domestic and foreign industrial customers," said Jiang Yan, chairman of Shanghai Futures Exchange.

Crude oil is an important bulk commodity that has a close bearing on people's life. China's demand for crude oil has been increasing in recent years along with the continuous rapid development of its economy and improvement of people's life.
Currently, China has become the world's second largest consumer and the largest importer of crude oil. In 2020, China's apparent volume of crude oil consumption was 736 million tons, and crude oil imports stood at 541 million tons.

DOWNLOAD
  • ID : 8205417
  • Dateline : June 21, 2021/File
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'23
  • Audio Language : Chinese/Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2021-06-21 15:08
  • Last Modified : 2021-06-21 21:07:00
  • Version : 1
  • ID : 8205417
  • Dateline : 21 июня 2021/Архив
  • Location : Китай
  • Category : economy, business and finance
  • Duration : 1'23
  • Audio Language : Китайский/Естественный звук/Частично немое
  • Source : China Central Television (CCTV)
  • Restrictions : Недоступно материковой части Китая
  • Published : 2021-06-21 21:02
  • Last Modified : 2021-06-21 21:07:00
  • Version : 1

China-Crude Oil Options/Trading

Trading of crude oil options launched in China

Dateline : June 21, 2021/File

Location : China

Duration : 1'23

  • English
  • Pусский


Shanghai, China - June 21, 2021 (CCTV - No access Chinese mainland)
1. Various of trading floor, electronic screens showing information of crude-oil options
2. SOUNDBITE (Chinese) Jiang Yan, Chairman, Shanghai Futures Exchange (partially overlaid with shot 3):
"Crude-oil futures are the first commodity futures opened to overseas investors. Since its launch on March 26, 2018, the trading of crude-oil futures has been stable, attracting investors from 24 countries and regions, while providing effective tools for domestic and foreign entities to manage risks. Today, the trading of crude-oil options is also launched, acting as an effective complement to the crude-oil futures. Crude-oil futures and crude-oil options will supplement each other to provide more efficient risk management services for the domestic and foreign industrial customers."
++SHOT OVERLAYING SOUNDBITE++
3. Sign of Shanghai Futures Exchange
++SHOT OVERLAYING SOUNDBITE++

FILE: China - Exact Date and Location (CCTV - No access Chinese mainland)
4. Various of crude oil gathering, processing facilities


China on Monday launched the trading of crude-oil options at the country's Shanghai International Energy Exchange.

The crude-oil option is among the first batch of options in China that open to overseas investors.

A total of 96 options contracts have been listed on the first trading day with transactions running actively and steadily.

The options volume stood at 2004 during the morning period, involving 25.59 million yuan (3.96 million U.S. dollars).

"Crude-oil futures are the first commodity futures opened to overseas investors. Since its launch on March 26, 2018, the trading of crude-oil futures has been stable, attracting investors from 24 countries and regions, while providing effective tools for domestic and foreign entities to manage risks. Today, the trading of crude-oil options is also launched, acting as an effective complement to the crude-oil futures. Crude-oil futures and crude-oil options will supplement each other to provide more efficient risk management services for the domestic and foreign industrial customers," said Jiang Yan, chairman of Shanghai Futures Exchange.

Crude oil is an important bulk commodity that has a close bearing on people's life. China's demand for crude oil has been increasing in recent years along with the continuous rapid development of its economy and improvement of people's life.
Currently, China has become the world's second largest consumer and the largest importer of crude oil. In 2020, China's apparent volume of crude oil consumption was 736 million tons, and crude oil imports stood at 541 million tons.

ID : 8205417

Published : 2021-06-21 15:08

Last Modified : 2021-06-21 21:07:00

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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