This photo dated Jan 17, 2018 shows the Shanghai Futures Exchange. (PHOTO / VCG)

BEIJING - China's futures market logged brisk trading in terms of both volume and turnover last month, according to the China Futures Association.

Total transaction volume stood at around 949 million lots in August, up 47.76 percent year-on-year, according to data from the association.

The data showed that the market's trading turnover rose 23.49 percent over the previous year to 60.7 trillion yuan (about $8.5 trillion).

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In the first eight months, trading and turnover grew 30.82 percent and 4.55 percent over the same period last year, respectively, the association said.