Oct 13, 2022 05:59 PM

FINANCE

UBS Becomes First Foreign Firm to Trade Chinese Commodity Futures Through QFII

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What’s new: UBS Futures Co. Ltd. has become the first foreign company to trade Chinese commodity futures through the country’s Qualified Foreign Institutional Investor (QFII) program, which has recently expanded its investment scope.

The Shanghai-based company, controlled by Swiss financial giant UBS AG, executed the first trade of domestic commodity futures for QFIIs in China on Tuesday, it said in a statement that day.

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