Posted inBeijing, China, Middle East, Shanghai, World

Yuan oil futures set to challenge Brent, WTI

China’s big play to challenge dollar-denominated crude oil futures has been formally approved, marking another milestone in Beijing’s efforts to take a more prominent role on the world stage. The China Securities Regulatory Commission (CSRC) announced the move on Friday, Chinese news outlet 21st Century Business Herald reports, with trading on the Shanghai International Energy […]

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