对外经贸大学李正强：跟上新趋势 建设功能强大的期市

Core Viewpoint - The development of China's futures and derivatives market has transitioned from a single closed system to a diverse and open one, with new tasks emerging under current conditions [1][2] Group 1: Market Development and Challenges - The domestic economy remains stable, but challenges such as technological changes, the energy revolution, and industrial restructuring persist [1] - The futures and derivatives market must align closely with the construction of a financial power and Chinese-style modernization to achieve high-quality development [1] Group 2: Market Functionality and Structure - The new tasks for the futures and derivatives market include enhancing functionality and maintaining stable market operations, which are closely linked to market structure and efficiency [1] - There is a need to improve the market system, especially the over-the-counter market, to diversify product types, increase market openness, and enhance the participation of industrial clients [1] Group 3: Strategic Recommendations - The establishment of a multi-tiered derivatives market is recommended, with a focus on accelerating product system improvement and enhancing international layout [2] - It is essential to develop dynamic adjustment mechanisms for margin management, trading and position limits, and abnormal trading monitoring [2] - Strengthening intermediary institutions, improving the legal framework, and exploring new derivatives operating models are crucial for supporting the construction of a financial power [2]