China's November futures surge on heavy trading

In November, China's futures market resumed buoyancy, with total transaction value hitting RMB13.63 trillion (US$2 trillion), surging 146.92%year-on-year and 45.46%month-on-month.

Analysts say that the booming futures market last month was attributable to the easy monetary policy as well as the government's encouragement of combination between futures market and real industries.

On the Dalian Commodity Exchange (DCE), soy oil and soymeal contracts turned in outstanding performances last month, with transaction values of RMB1.46 trillion (US$0.21 trillion) and RMB932 billion (US$136), respectively, rising 73.17% and 41.3% month-on-month.