China’s stock exchange trials simulated trading for live hog futures

China’s Dalian Commodity Exchange began simulated trading for its live hog futures contract on 10 July.
calendar icon 10 July 2020
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This is the first time the exchange is conducting simulated trading for a futures contract, an exchange spokeswoman said.

China's Securities Regulatory Commission, which announced the contract's approval in April, said China's pig industry was worth nearly 1 trillion yuan ($143 billion) and the futures contract would help market players manage risk. It, however, has not said when the contract would be launched.

Pork prices in China have seen wild swings in recent years, as an African swine fever outbreak swept through its hog herd in 2018, killing millions of pigs and reducing pork supplies.

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