FINANCIAL STREET(000402) 证券时报网·2024-10-21 23:30Core Viewpoint - The 2024 Financial Street Forum and the 16th Futures Executive Conference highlighted the importance of the futures market in supporting the real economy and enhancing international pricing capabilities, with a focus on high-quality development and risk management [1][2][5]. Regulatory Developments - The State Council has issued comprehensive guidelines for strengthening regulation, preventing risks, and promoting high-quality development in the futures market, marking a significant policy shift [1][2]. - The China Securities Regulatory Commission (CSRC) plans to enhance industry regulation, optimize regulatory frameworks, and ensure comprehensive oversight of futures companies [1][3]. Industry Performance - In the first half of the year, futures companies experienced a decline in brokerage income, while risk management and asset management revenues increased, indicating a shift in business focus [2][3]. - The asset management business saw a 24.62% year-on-year increase in cumulative revenue and a 41.1% rise in net profit [3]. - Risk management services also grew, with a 7% increase in cumulative revenue, driven by a 13% rise in spot and futures-related business [3]. Market Trends - As of mid-October, the number of effective clients and total funds in the futures market increased by 12.7% and 9.2% year-on-year, respectively, indicating a positive trend [4]. - The participation of industrial clients in the futures market rose by 27.7% from January to September 2024, with stable daily trading volume and positions [4]. Options Trading Growth - The trading volume and positions of options for industrial clients surged by 189.5% and 176.2%, respectively, compared to January 2023, reflecting a significant increase in market activity [5].