Chinese corporations should increase their use of futures products to hedge against recent price spikes in major commodities across the world, an industry body has said.
Rising procurement costs of raw materials have made the lives of small and medium enterprises tough, while higher prices of end products could lead to waning consumption, Ma Wensheng, vice chairman of China Futures Association said in an interview with state-controlled broadcaster CCTV on a Monday May 17.The practice to hedging commodity prices is more common for large companies in China. Ma said over 600-listed enterprises have publicly announced their use of...