FTZ spot trading rules agreed

Rules for spot trading of commodities in Shanghai's free trade zone have been finalized.

Released last week on the city government's website, the rules set out conditions for market participants, trading and settlement methods, regulations on fund management and product delivery as well as risk control measures.

The zone will allow the transactions of bonded commodities as well as warehouse receipts and bills of lading of underlying bonded commodities.

The rules say commodities should be traded in the zone at pretax prices, excluding import tariffs and value-added taxes.