China securities regulator calls for tighter controls on coal trade

BEIJING (Reuters) - China's securities regulator on Wednesday said it would ask futures exchanges to raise fees, restrict trading quotas and crack down on speculation in response to high coal prices.

In a statement focused on thermal coal, the China Securities Regulatory Commission (CSRC) also said it would encourage listed companies to strengthen internal controls and make good use of hedging on the futures market.

(Reporting by Beijing Newsroom; writing by Tom Daly; editing by David Evans)