Futures market logs robust transactions CHINA’S futures market registered strong growth in transactions in the first half of the year, data from the China Futures Association showed. In the first six months, the total trading turnover of China’s futures market reached 286.33 trillion yuan (US$44.25 trillion), surging 73.05 percent year on year, the data showed. In June alone, the trading turnover jumped 52.3 percent from a year ago to around 47 trillion yuan. On a monthly basis, the figure fell 5.65 percent, the association said. Last month, the trading turnover of the Shanghai Futures Exchange came in at 15.14 trillion yuan, rising 61.61 percent year on year. Public offering funds’ assets hit US$3.55 trillion ASSETS under management by public offering funds in China rose to 22.91 trillion yuan (US$3.55 trillion) by the end of May, data from the Asset Management Association of China (AMAC) showed. That was up from 22.51 trillion yuan by the end of April, according to AMAC, an industry body supervised by China’s securities regulator. China had 135 asset management companies by the end of May, including 44 joint ventures and 91 domestic companies. At the end of May, 13 securities firms or asset management subsidiaries under securities firms, as well as two insurance asset management companies, had obtained qualifications for the management of public offering funds, AMAC data showed. Alibaba-led bailout of retailer draws Haier, Xiaomi DOMESTIC major home appliance makers Haier Group Co. and Xiaomi Inc. are among investors considering joining Alibaba Group Holding Ltd. in a mega bailout of cash-strapped Suning.com Co., according to people familiar with the matter. Midea Group Co., TCL Technology Group Corp. and Yuyue Group are also weighing to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, said the people. They could be joining Alibaba and the government of China’s eastern Jiangsu Province, which are nearing a deal for an interest in Suning.com. Xpeng to be added to FTSE’s equity indexes CHINESE electric vehicle maker Xpeng’s American Depositary Receipts will be added to FTSE Russell’s global equity indexes Thursday, the index publisher said Friday. Xpeng shares will be included in the FTSE All-World Index, the FTSE Global Large Cap Index and the FTSE Emerging Index, FTSE Russell said in a statement on its website. | 