China’s futures market sees robust growth in May

China’s futures market reported robust year-on-year growth in both trading volume and turnover in May, industrial data showed.

The total turnover of China’s futures market surged 79.36 percent year on year to 49.81 trillion yuan (about 7.8 trillion U.S. dollars) last month, according to the China Futures Association (CFA).

The figure was also up by 3.39 percent compared with that in April, data from the CFA showed.

In the first five months of the year, the turnover of China’s futures market jumped to 239.34 trillion yuan, up 77.8 percent year on year, said the CFA.

Last month, the Shanghai Futures Exchange was the top bourse in terms of turnover, which rose 99.69 percent year on year to 18.08 trillion yuan and accounted for 36.3 percent of the total turnover in China.