"Futures and Derivative Models" has implemented the futures and derivatives industry to usher in the era of "law -based"

Cover Journalist Zhu Ning

After more than 30 years of development, my country's futures market has been quite large, but there is no implementation of relevant laws. Until April 20, 2022, the 34th meeting of the Standing Committee of the 13th National People's Congress voted and approved the "People's Republic of China Futures The Derivation Method Law (hereinafter referred to as futures and derivatives) will be implemented from August 1, 2022.

Important Milestone in the development of futures and derivatives

After more than 30 years of exploration and development, my country's futures market has become a global derivative market. According to data from the China Futures Industry Association, in 2021, the cumulative market volume and turnover of the entire market reached a record high, with 7.514 billion hands and 5.812 trillion yuan. The scale of my country's commodity futures has ranked first in the world for many years, and is the world's largest agricultural product, non -ferrous metal, coke, power coal and black building materials futures market.

The scale and quality of development in the Chinese futures market are at the forefront of the world, and the construction of relevant law has been steadily promoted. Since the formulation of the formulation of the Futures Law in 2013, it has now gone through eight years. The market has always paid close attention to the basic law in the field of futures and derivatives.

After several years of preparation work, on April 20, 2022, the 34th meeting of the Standing Committee of the 13th National People's Congress voted and approved the "Futures and Derivation Methods", and from August 1, 2022 From time to time.

It is worth noting that from the perspective of the "Futures and Derivative Methods", there are six major focus worthy of attention. The first is to focus on regulating the futures market and take into account the derivative market; secondly, on the basis of summing up and refining existing experience, the space for reform and innovation is reserved; the third is to play the function of futures market and enhance the service of the real economy; the fourth is to strengthen market risks Prevent and control and maintain national financial security. The fifth is to build a trader's protection system and increase the protection of ordinary traders; finally, the best practice in the international international and the opening of the futures market is open to the outside world.

Promote the high -quality development of futures and derivatives markets

For more than thirty years, my country's futures market has gradually become an important means to help the development of the real economy and effectively manage price risks from scratch, from small to large, from small to large, from small to large, from chaos to governance. With the implementation, Yu Hong, a senior practitioner of the futures industry, told reporters that the introduction and implementation of the "Futures and Derivation Methods", and the Chinese futures industry has entered a new era of "there is law can be based on" and "there is law." The development of China's futures industry has to be upgraded urgently. In the process of upgrading, the relevant legal construction of the futures industry needs to be gradually improved. Now there are "Futures and Derivatives Law", and the development of China's futures and derivatives will be faster. At the same time, the influence of Chinese futures and derivatives will gradually expand to the global level, which also requires the support of the industry's "fundamental Dafa".

Yu Hong said: "The futures and derivative industries are high -risk industries. How to attract investors? How to protect the interests of investors? It is the most important thing in front of the industry. Protect the interests of investors, enable the futures and derivatives to develop healthy and orderly, and play a very active role in promoting. "

Some people in the legal community believe that with the introduction of laws such as securities law, fund law, trust law, commercial banking law, and insurance law, my country's financial regulations system has been basically completed, and the shortcomings in the futures field are even more prominent. The formulation and introduction of a special futures law will fundamentally improve the basic system of the futures market. It is of great significance.

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