23.05.2016 - How European carbon broker's offshore account trade may boost Chinese markets
China's carbon markets may gain more participants after the successful closing of European carbon broker Virtuse Group's first deal through its offshore account on Shenzhen's emissions market, the China Emissions Exchange . The deal, though relatively small at 800,000 yuan ($122,000), is seen as a test of China's ability to link its own carbon trading exchanges with those overseas, and will also shed light on the ability of China's financial system to process carbon transactions efficiently. Virtuse sold over 63,000 Shenzhen emissions permits to a local panel display producer, Shenzhen Laibao Hi-tech Corporation, said Huang Chao, the company's trader based in the city..............................................Full Article: Source
Print