China to launch crude oil futures on March 26

BEIJING, Feb. 9 (Xinhua) -- China will launch the long-awaited crude oil futures contract on March 26 at the Shanghai International Energy Exchange (INE), the country's top securities regulator said on Friday.

Preparations for the launch of the oil futures have almost been completed, Chang Depeng, a spokesman with the China Securities Regulatory Commission (CSRC), told a press conference.