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China's securities regulator said on Friday it had approved the Dalian Commodity Exchange (DCE) to start trading hog futures in a long-awaited move for the world's top pork producer.
The China Securities Regulatory Commission (CSRC) said in a statement on its website that the new futures contract would help players in a market worth nearly 1 trillion yuan manage risk, improve the pricing mechanism in China's pig farming industry and help the sector develop.
That move will make China the second market in the world after the United States to trade . . .
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