China's ShFE launches crude oil futures index; plans more products

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China's ShFE launches crude oil futures index; plans more products
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China's Shanghai Futures Exchange (ShFE) will start on Tuesday publishing a...

FILE PHOTO: A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong, China June 14, 2016. REUTERS/Bobby Yip/File Photo

The crude oil futures index will measure the price movements and the rate of return for the most actively traded contract for the ShFE’s crude futures, according to the release. The ShFE also plans to deepen cooperation with Chinese stock exchanges by launching a crude oil exchange-traded fund and other new products.

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