China Tightens Grip on Futures Market Amid Speculation Concerns

China has unveiled new guidelines aimed at supervising its futures market and curbing excessive speculation. The government urges banks to enhance credit management to prevent enterprises from using credit for speculative trades in commodity futures.

China has announced new directives aimed at tightening the supervision of its futures market and curbing rampant speculation. This measure was revealed in an official government document released on Friday.

The policy urges financial institutions to bolster their credit management systems to ensure credits are not misused for speculative trading in commodity futures. This move comes as part of China's ongoing commitment to promoting a stable and healthy economic environment.

Cracking down on excessive speculation is seen as a necessary step by Chinese authorities to maintain market stability and safeguard investors against potential risks.

(With inputs from agencies.)