The ability of futures and derivatives to implement the futures market to serve the real economy will be enhanced

Starting on August 1, the "Futures and Derivation of the People's Republic of China" was officially implemented. The regulatory authorities and many financial institutions told reporters from the Securities Daily that the introduction of futures and derivatives has played a key role in the healthy development of the futures industry. Overseas operations have played a positive role in promoting, which will further enhance the ability of the futures market to serve the real economy.

Give full play to the futures market

Resource configuration function

As of now, the price discovery and hedging function of futures have been recognized and accepted by all walks of life. On this basis, the futures and derivative methods have further emphasized that measures should be adopted to promote the development of agricultural futures market and derivatives market, guide domestic agricultural products production and operation, and give full play to the function of resource allocation.

The relevant person in Zhengshang Insurance told the "Securities Daily" reporter that the futures and derivative methods have established "promoting futures and derivatives market to serve the national economy" as legislative purpose, clearly three functions of "discovering price, management risks, and allocating resources". It is proposed to encourage the preservation of the setting period, promote the development of agricultural product futures and derivatives market, and point out the direction for the high -quality development of the real economy for the futures and derivatives market.

Wang Qing, general manager of COFCO Futures, told a reporter from the Securities Daily that as an important participation entity in the futures market, the futures company should position itself as a comprehensive derivative service provider, adhere to the origin of the "futures service real economy", and firm Give full play to the three core functions of the futures market to discover price, management risks, and allocate resources "to carry out business, and use" doing specialty, strengthening, excellent, and fine "as the standard for business innovation. With the formal implementation of futures and derivative laws and the successive revision of related supporting regulations, China's ability to serve the real economy in China will further improve.

Futures and derivatives also include off -site business. The business of the regulatory authorities and futures companies has high hopes and great development potential business. It is expected to play a new chapter of healthy development under the context of the law.

Relevant persons in the business institute told the Securities Daily reporter that the futures and derivative methods include off -site business into the operating environment of the rule of law, support the futures market innovation, expand the development space for the business, and provide endogenous motivation, which is conducive to conducive to the endogenous power, which is conducive to conducive Coordinate the development of internal and out -of -field transactions.

"Incorporate off -site derivatives transactions into the scope of adjustment, the basic system of derivatives such as a single agreement, termination of net settlement, performance guarantee, and transaction report library is clearly clarified through legal forms. Healthy development provides legal basis. "Said Zheng Shang, said.

"Securities Daily" reporter learned that the futures and derivative methods have fully absorbed the Global Financial Crisis to strengthen the supervision consensus of derivatives after the global financial crisis, borrow from the advanced experience of mature international markets, and specifically conduct off -site derivatives transactions. It has clearly stipulated that the basic system of derivatives trading such as a single main agreement, the termination of net settlement, and the transaction report library has been established. Development has the law.

For the real economy

Provide more service tools

The listing of futures varieties will be changed from the approval system to the registration system, which means that the number of new varieties will be further increased in the future number of new varieties and the breadth of serving the real economy.

Lu Dyin, chairman of Dongzhi Futures, told a reporter from the Securities Daily that after the registration system for the listing of futures varieties, the Futures Exchange will further improve the efficiency and service efficiency of innovation, enrich futures varieties, establish a more complete product system, effectively effectively manipulate relevant resources effectively Configure the key areas and weak links of economic development to meet the needs of the diversification of the real economy faster and better.

Relevant sources of Zhengshang Insurance said that after the market listing mechanism is modified to the registration system, it will greatly encourage market innovation, further release market vitality, effectively increase the supply of futures and derivatives, and provide richer and more richer and more richer and more rich in various fields of the national economy industries. Comprehensive risk management tools to better use the functions of futures and derivatives to serve the real economy and stabilize the economic market.

"Futures and derivatives have also set up and acquired companies overseas, and overseas institutions have participated in and set up futures companies in domestic institutions to actively carry out strong support for international business." Lu Dayin introduced In order to effective, domestic and overseas regulatory agencies can establish a cross -border regulatory cooperation mechanism, and put forward necessary regulatory requirements from the aspects of "introduction" and "going out", so that the domestic and overseas regulatory cooperation of cross -border business can be rely on.

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