China's futures market registered double-digit year-on-year growth in both trading volume and turnover last month, data from the China Futures Association showed on Thursday.
Total trading volume hit 695 million lots in October, increasing 26.3 percent year on year, according to the association.
The market's trading turnover stood at 58.56 trillion yuan (about 8.2 trillion U.S. dollars) last month, up 45.41 percent from a year ago, the data showed.
Financial derivatives saw particularly brisk trading during the period, with the turnover of CSI 1000 Index futures surging by nearly 90 percent compared to the previous month.
The CSI 1000 index, developed by financial market index provider China Securities Index Co., Ltd., consists of 1,000 A-share stocks with small market capitalization and good liquidity, which can reflect the overall performance of small-cap A-share stocks. [xinhua]
Gold futures reported significant growth in October amid increased risk aversion and rising demand for stable assets. Gold prices set new record highs, with trading volume increasing by 13.92 percent and open interest rising by 5.46 percent from a month earlier.
In the agricultural sector, demand for seasonal fruits edged up during the week-long National Day holiday, while weather conditions also helped boost market activity. Consequently, trading in apple and jujube futures was robust in October, with turnover increasing by 24.58 percent and 60.3 percent month-on-month, respectively.
China's futures market logs higher trading in October
