Trading in aluminum, zinc options starts

China on Monday launched trading in two commodity derivatives, aluminum options and zinc options, to better serve the real economy. On the first trading day, call and put options contracts were listed on the Shanghai Futures Exchange, with underlying aluminum futures contracts to be delivered from October 2020 to January 2021, and zinc futures contracts to be delivered in October and November 2020. China is the world's largest production and trading market for nonferrous metals. Related futures and options products have been used on a large scale to hedge risks.

Used car sales rise by 4.41% in June

Used car sales climbed 4.41 percent on a monthly basis in June, according to a report published by the China Automobile Dealers Association. A total of 1.22 million used cars changed hands in June, with a combined transaction value of 73.75 billion yuan ($10.63 billion), said the report. Although June sales of used cars edged down from the same period last year, as the country's business and production resumption continued to gain pace, demand for both passenger and commercial vehicles recovered gradually, the report said.

Xinhua