Futures options are "breaking hundreds", and the total funds of the futures market will exceed 1.6 trillion yuan during the year!Fang Xinghai revealed that doing this next!

Reporter Wu Xiaolu on August 26, Fang Xinghai, vice chairman of the CSRC, stated at the 19th Shanghai derivatives Market Forum that the CSRC will continue to improve the rule of law and variety systems, continue to improve the quality of the futures market, and improve the level of opening up. Strengthen market supervision, use the function of discovering price, management risks, and allocation of resources in the futures market, and serve the high -quality development of the real economy. The main points of the 10th view: 1, since 2012, the total funds of my country's futures market have exceeded 1.6 trillion yuan. 2. The five oil options of 1,000 stock index futures, options, and recent listing of 1,000 stock indexes have been successfully listed. 3. After the "Futures and Derivation Methods" passed, the International Sales and Derivation Tools Association (ISDA) acknowledged the positioning position of my country's termination of net. efficiency. 4. Focus on the revision of rules and regulations such as the "Administrative Measures for Futures Exchange" and "Supervision and Management Measures for Futures Company", and continuously improve the basic systems such as transactions, delivery, and settlement. 5. Focus on the industrial chain supplementation shortcomings and green development, etc., promote the marketing work well in an orderly manner, and further enrich and improve the variety system. 6. Keep close to industrial needs, continuously optimize contract rules, improve the convenience of physical enterprises, and enhance market toughness. Optimize and improve the settlement standards and library capacity settings. 7. Explore the pilot pilot of the combination, optimize the discount rate of guarantee products, improve the efficiency of investor funds, and reasonably reduce market participation costs. 8. Promote the full -scale institutional openness of the market, institutions, and products, and actively explore the path to the outside world. Study and promote oil and oil futures options to be included in specific varieties, and introduce overseas traders to participate. 9. Promote the two -way opening of government bond futures. Complete all preparations as soon as possible, open QFII and RQFII to participate in commodity futures, commodity options and stock index options, and provide richer risk management tools for overseas traders. 10. Continue to promote the implementation of "seeing" supervision, improving the effectiveness of scientific and technological supervision, enriching regulatory methods, improving the ability to discover and investigate and deal with illegal and illegal acts, and resolutely suppress excessive speculation. Fang Xinghai, who has made breakthroughs in the construction of the "price" for physical enterprises to protect the rule of law, said that since this year, my country's futures market has insisted on stabilizing the word and steadily. The impact, the "Futures and Derivation Methods" announced the implementation, the futures market is stable, the functions are effective, and the service capabilities of industry institutions have been continuously improved, which has contributed positive for the high -quality development of the real economy and the preservation of primary products. The first is that the market size is more upper level, and the supply of products is increasing. Since 2022, the total funds of my country's futures market have exceeded 1.6 trillion yuan, and the total positions have exceeded 36 million hands, which has reached a record high. In the first half of the year, the transaction volume of commodity futures was 2.978 billion hands, accounting for 69.07%of the global commodity transaction volume. my country has become the world's largest commodity futures market for many years. According to the ranking of the US Futures Industry Association (FIA), Chinese futures varieties occupy 16 and 14 of the top 20 of agricultural products and metal varieties, respectively. The five oil options of the 1,000 stock index futures, options, and recent listing of 1,000 stock indexes were successfully listed. Among them, the CSI 1,000 stock index futures are the stock index futures varieties that have been listed again after 7 years, which is of great significance for improving the stability mechanism of the stock market and improving financial futures. Preliminary formed, it also provides more effective risk management tools for investors with "specialized new" companies. Second, the futures function is effectively exerted to protect the "price" for physical enterprises. On the one hand, price discovery is timely and accurate. Since February, the price of nickel of nickels (LME) of London has soared, transmitted to China, and continuous stops have also occurred. The Shanghai Futures Exchange takes risk control measures in a timely manner, professional response, releases reasonable price signals, and led it backward after the Renici Nickel recovered transaction. In the face of extreme markets such as "negative oil prices" in international crude oil and soaring nickel, my country's futures market reasonably reflects market expectations. The system design is in line with national conditions and market conditions. It has unique advantages in risk prevention and control and disposal. In this round of pig cycle fluctuations, some large breeding companies calculate the breeding income in advance based on the price signal of pig futures, and reasonably arrange the column plan, and the sows are not blindly eliminated. The price of pig futures in September, November, and January next year was cited by the macro management department as a reference to guide the industry's expectations. On the other hand, risk management is flexible and efficient. Through various methods such as "insurance+futures", "futures stability orders", "stabilizing enterprise security entities" and "enterprise style plan", "insurance supply stabilization" combination fist is made to help "cross -cycle, cross -industry, cross -group groups "Risk Management. At present, price protection has provided price guarantee for large commodities such as 160,000 tons of steel, 6800 tons of oil asphalt, and 210,000 tons of natural rubber. Third, the industry has played professional advantages, and the service capabilities are continuously improved. As of the first half of the year, the total assets of 150 futures companies were about 1.6 trillion yuan, net assets were 170 billion yuan, and net capital was 100 billion yuan, an increase of 30%, 19%, and 31%from the same period last year. Hongye Futures was launched in A shares on August 5th, becoming the first "A+H" listed futures company. At present, there are 5 listed futures companies.

Futures company risk management subsidiaries provide small and medium -sized enterprises with more targeted and personalized risk management services to small and medium -sized enterprises through basal trading and warehouse receipt services. Combined with the rights trade model, in 2022, a total of 28,000 customers served, 65%were small and medium -sized enterprises. Fourth, breakthrough progress has been made in the construction of the rule of law. In early August, the "Futures and Derivation Laws" was officially implemented, which is a milestone event in the futures market. The formation of the "four beams and eight pillars" of the rule of law market, which provides institutional support for the discovery of price and management risks for the real economy market, and enhances the market confidence of traders and settlement preserved. The level of risk management and the promotion of high -quality economic development are of great significance. The determination of the basic legal system of the futures market is of great significance to promote the opening and internationalization of my country's futures market to the outside world and enhance the confidence of international traders in the Chinese futures market. After the "Futures and Derivation Laws" passed, the International Sales and Derivation Tools Association (ISDA) acknowledged my country's termination of net settlement positions. It is expected to reduce the cost of off -site derivatives business for financial institutions and improve their capital efficiency. Properly and orderly promote the listing of varieties and unswervingly promote the high level of the futures market. "There are many uncertain factors in the internal and external situation we are facing, the risk of stagnation of the world economic stagnation, the global financial market is intensified, geopolitics and extreme weather and other factors It has a impact on the supply chain of energy minerals, food and other varieties. In the context of a significant enhancement of macro uncertainties, it helps micro -subjects to stabilize production and operations, and the impact of calming input factors on my country's economy is the era when the futures market must answer well. Questionnaire. "Fang Xinghai said. Fang Xinghai said that the CSRC will continue to adhere to and strengthen the party's leadership, complete, accurately, and comprehensively implement the new development concepts, continuously improve the rule of law and variety system, continue to improve the quality of the futures market, improve the level of openness to the outside world, strengthen market supervision, use futures futures The market discovers the functions of price, management risks, allocating resources, and serving the high -quality development of the real economy. The first is to consolidate the system foundation and promote the innovation of variety. The "Futures and Derivative Models" is a system integration of the 30 -year development and regulatory experience of the futures market. It is necessary to use this as an opportunity to convert the system advantage into development kinetic energy, and to do a good job of supporting the "Futures and Derivative Materials" supporting regulations " Change, abandoned "work. Focusing on the listing of marketing, positioning management, industrial customer cultivation, off -site derivatives trading, and business scope of futures company, focus on the revision of the "Administrative Measures for Futures Exchange" and "Administrative Measures for Futures Company" , Delivery, settlement and other basic systems. Based on the improvement of the marketing mechanism of futures options, we will closely follow the national strategic direction and the needs of industrial development. We will strive to promote the listing work in order in order to supplement shortcomings and green development of the industrial chain and serve green development, and further enrich and improve the variety system. The second is to serve the real economy as the purpose and continue to improve the quality of market operation. Keep close to the needs of the industry, continuously optimize contract rules, improve the convenience of physical enterprises, and enhance market toughness. Optimize and improve the settlement standards and library capacity settings, give full play to the advantages of the open futures prices, the unified and standardized and standardized delivery standards, help the construction of a unified market in the country, and unblock a large domestic cycle. Continue to optimize the market system, enrich the number and type of market merchants, and improve the quality of market liquidity. Explore the pilot of the combination margin, optimize the discount rate of guarantee products, improve the efficiency of investor funds, and reasonably reduce market participation costs. Strengthen the cultivation of industrial customers, dredge industrial customers to participate in the "blocking point", promote more physical enterprises in the production and distribution field to participate in the futures market, and encourage and guide futures company risk management subsidiaries to enhance the ability of SMEs. The third is to unswervingly promote the high level of opening up the futures market. Promote the openness of markets, institutions, and products, and actively explore diversified openings. Study and promote the incorporation of oil and oil futures options into specific varieties, introduce the participation of overseas traders, and enhance the international influence of my country's fat oil futures prices. Promote the two -way opening of Treasury bond futures. Complete all preparations as soon as possible, open QFII and RQFII to participate in commodity futures, commodity options and stock index options, and provide richer risk management tools for overseas traders. The fourth is to strengthen market supervision and maintain market order. Adhere to the strict main base, comprehensively purify the market ecology, and improve the early identification, early warning, early discovery, and early disposal of market risk prevention and control mechanisms. Continue to promote the implementation of "seeing through" supervision, improving the effectiveness of scientific and technological supervision, enriching regulatory methods, improving the ability to discover and investigate and deal with illegal and illegal acts, and resolutely suppress excessive speculation. Strengthen the supervision of the spot market market, strengthen the interoperability of information with the spot management department, establish relevant regulatory collaboration arrangements with other financial regulatory authorities, and jointly build a good market ecology. Picture | Site Cool Hero Bao Map.com

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