China stocks welcome options' limited debut in Shanghai

Indexes tracking mainland shares in Shanghai and Shenzhen closed up on Monday as the former stock exchange introduced China’s first options based on an exchange-traded fund (EFT), Reuters reported. The options are for the SSE50 index, composed of the 50 most heavily weighted stocks on the bourse, and mark the first new equity derivatives on the mainland since futures were introduced five years ago for the CSI300 Index of largest listed companies in Shanghai in Shenzhen. That index rose 1% Monday, while the Shanghai Composite Index rose 0.6%. (Bloomberg has a timeline of other China stock market milestones.)