2022 In the first half of the year, the market transaction scale "double -drop" futures company business income pressure

Economic Observation Network reporter Chen Shan on August 18th, the China Futures Industry Association issued an overview of the futures market development in the first half of 2022. Data show that the turnover market in the first half of the year decreased by year -on -year, a decrease of 18.04%and 10.08%, respectively. In addition, from the perspective of the four major business income performance in the first half of the year, the income of various business in the first half of the year was less than half of the whole year last year.

Regarding how the transaction scale dropped in the first half of the year, Wang Jun, Dean of the Founder Medium -term Futures Research Institute, told the Economic Observer Network reporter that in the first half of 2022, the geopolitical situation, the Federal Reserve monetary policy adjustment and economic recession worrieds that they have continued to impact the global futures market. The influence of overlay epidemic conditions, the domestic futures market activity and transaction volume have declined, and the performance in the second quarter was weaker than the first quarter.

Specifically, in the first half of 2022, the futures market transactions were 3.046 billion hands (unilateral, the same below) and 25.748 trillion yuan, a year -on -year decrease of 18.04%and 10.08%, respectively. In the first half of 2022, the global futures market transactions were 38.32 billion hands. The transaction volume of the mainland futures market accounted for 7.9%of the total global futures market, which was a decrease of 5 percentage points from 12.9%in the first half of 2021.

Judging from the ranking of the global futures exchanges, based on the volume data statistics from Futures Industry Association (FIA), in the first half of 2022, in the Mainland China Futures Exchange, the Great Business Office, Zhengshang Institute, the previous period, and Zhongjin's global transaction worldwide trading global transactions Ranking of futures and options trading volume ranks 8th, 10th, 12th, and 26th in the rankings. In the ranking of various types of futures options in the world in the first half of the year, Chinese varieties occupy 16 among the top 20 of agricultural product varieties, 14 among the top 20 metal varieties, 5 of the top 20 of energy varieties, and 20 of the top 20 energy varieties. There are 3 seats in the strong China.

According to the statistics of the Intermediate Association, as of the release of this report, the Mainland futures market has been listed in 5 varieties since the beginning of the year, including 1 period of goods and 4 options. Among them, the China Financial Futures Exchange was listed on the CSI 1,000 stock index futures and 1,000 stock index options; the Dalian Commodity Exchange was listed on Huangdou No. 1 options, yellow soybean 2 options, and soybean oil options. At this point, there are 99 listed varieties in the mainland futures market, including 87 commodity categories (64 futures, 23 options), and 12 financial categories (7 futures and 5 options).

As the market transaction scale shrinks in the first half of the year, the revenue of futures company's related business has also declined.

The report shows that as of the 6th of 2022, the total assets of China Futures Corporation were 1.58 trillion yuan, and net assets were 175.3 billion yuan, an increase of 14.5%and 8.61%compared with the end of 2021, respectively, and the capital strength increased. However, from the perspective of the main business income of futures companies, the main businesses of futures companies include brokerage business, investment consulting business, asset management business and risk management company business. In the first half of this year, the four major business income was less than half of the whole year last year.

Specifically, in 2021, the business revenue of the company's brokerage business, investment consulting business, asset management business and risk management company's business revenue in 2021 was 31.498 billion yuan, 176 million yuan, 1.214 billion yuan, and 262.859 billion yuan. The company's brokerage business cumulative revenue was 12.17 billion yuan, the cumulative income of investment consulting business was 42 million yuan, the cumulative income of asset management business was 519 million yuan, and the cumulative business revenue of the risk management company's business was 119.183 billion yuan.

Under the impact of multiple systematic factors, my country's current market transactions have cool down in the first half of the year. Regarding the market in the second half of the year, Wang Jun believes that the development of the futures market in the second half of the year will also face more external factors, because the changes in the overall futures market in my country have been changed by the macroeconomic environment, global economic recovery, global epidemic prevention and control situation, and Europe and the United States The impact of the normalization of the policy. He believes that in the face of intricate and complicated factors at home and abroad, physical enterprises have increased their risk management and actively participating in the demand for futures preservation transactions. Risk also increases the use of financial futures options to hedge operations. Therefore, in the second half of 2022, the transaction scale of the futures market will be driven by the financial futures sector and the main commodity futures sector.

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