China to allow some futures firms to start spot trading in 2013

China will allow some of its futures brokerages to participate in commodity spot trading via a subsidiary by next year in a move that will help these firms manage price volatility better, the China Futures Association said.

Under present regulations, Chinese futures companies are only allowed to offer futures brokerage services and give futures investment advice.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1112048/china-allow-some-futures-firms-start-spot-trading