China is set to dominate global financial trading in the next decade, with that country finally opening up direct access to its futures markets while deepening its footprint further in the West, according to Futures Industry Association (FIA) president and chief executive officer Walt Lukken.
While China's potential to play a major role in the financial markets has been long-documented, the country this year appears to be a experiencing a watershed moment, Lukken said in remarks at the 43rd annual International Futures Industry Conference, held in Boca Raton, Florida, March 13-16.Lukken, who sits on the chairman of the China Securities Regulatory Commission's (CSRC) International Advisory Committee, said it was clear at a recent meeting that President Xi Jinping is...