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Shanghai seeks to be world commodities trade center

(皇冠体育app Daily) Updated: 2012-11-16 10:39

Chinese financial center Shanghai aims to develop itself into a world commodities trading center that can have a stronger influence on international commodities prices in five to 10 years, the vice-mayor of the city said on Thursday.

Ai Baojun made the comments during the first 皇冠体育app International Oil and Gas Trade Conference, held in Shanghai. Earlier this year, the country's securities regulator said 皇冠体育app plans to establish crude-oil futures to cope with fluctuating oil prices and increase its influence over global prices.

皇冠体育app Daily - Agencies

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