China's Commodity Frenzy Spurs New Crackdown From Exchanges
Goldman Sachs has said it's concerned about surge in trading
Worries that explosive trading growth heralds bust: Zheng
By
Bloomberg News
Updated on
China’s commodity exchanges stepped up efforts to curb speculation in trading in everything from steel to iron ore and coking coal after futures soared amid a credit-fueled binge. Prices and volumes slumped.
Bourses in Dalian, Shanghai and Zhengzhou announced further measures late on Tuesday, including higher fees and a reduction in night hours, adding to a raft of moves this month that have made it more expensive for investors to trade.
