Eight departments: Strive to achieve a multimodal transport 1-hour transshipment rate of over 90% in China by 2030
Multiple Chinese government departments have released a plan aiming to significantly improve multimodal transport efficiency by 2030. The plan targets enhancing freight nodes, increasing the speed of cargo transfers between different transport modes to over 90% within an hour, and boosting rail connectivity at major ports. Separately, the CME is set to launch micro-sized options contracts for the S&P 500 and Nasdaq 100 indices, pending regulatory approval, which will be one-tenth the size of existing contracts and feature daily expirations. AI