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China’s SHFE Opens to Foreign Investors

Gold Pulls Back After Record Run — What Comes Next?
Gold Pulls Back After Record Run — What Comes Next?

China is set to shift global commodities trading as the Shanghai Futures Exchange (SHFE) plans to allow foreign investors to use foreign currency as collateral for yuan-denominated trades.

This aims to boost China’s pricing power for key commodities like oil and metals, long set in New York, London, and Singapore.

SHFE’s proposal includes reforms to access, trading, settlement, and risk controls across 18 contracts, enhancing global participation and advancing the yuan’s status.

Eight more from the desk

Other dispatches from the bullion wire.