Date: June 5, 2012
Source: Shanghai Securities News
By Ye Miao and Huang Ying

　　With account opened yesterday for its fund products at Shanghai Futures Exchange (SHFE) and granted a trading code, UBS SDIC became SHFE’s first special unit client. The move marks funds’ first foray into China’s commodity futures market, which has been in operation for 21 years, and reflects the continuous “marco integration” of China’s securities and futures markets, which improves the investor structure of China’s commodity futures market and the function of the market.
　　It is learned that as a special fund, the product aggregated RMB228 million. With China Merchants Futures as its broker and China Communications Bank as its custodian, UBS SDIC will apply to Zhengzhou Commodity Exchange and Dalian Commodity Exchange for trading codes, and is expected to start trading on June 10.