境内外机构期待更多开放合作的“期货方案”

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum will focus on the high-level opening of China's futures market, attracting global financial institutions and enterprises [1][5]. Group 1: Market Opening and Internationalization - Since the implementation of the Futures and Derivatives Law, the legal foundation for the opening of China's futures market has become increasingly solid, with cross-border regulatory cooperation mechanisms clarified [1][4]. - The internationalization of China's futures market is a composite product of the country's opening-up strategy, the real needs of the实体经济, and financial market institutional innovation [1][4]. - The current internationalization paths are complementary, with specific varieties enhancing pricing influence and Qualified Foreign Institutional Investors (QFI) improving market liquidity [1][2]. Group 2: Benefits of Opening - The gradual and controllable opening model allows for the introduction of mature futures varieties first, ensuring stable market operation [2][4]. - The introduction of foreign traders enhances market liquidity and improves the ability for reasonable pricing, providing favorable conditions for enterprises' hedging and spot business [4][5]. - The efficiency of cross-border transactions has improved, with simplified approval processes for foreign traders and innovative mechanisms like RMB pricing and bonded delivery [4][5]. Group 3: Opportunities for Foreign Institutions - Foreign institutions are presented with unprecedented opportunities, as they can directly participate in domestic commodity futures trading, particularly in internationalized varieties like crude oil and iron ore [5][6]. - The demand for international risk management tools from China's实体经济 is rising, creating significant collaboration opportunities between institutions and Chinese enterprises [5][6]. - The forum will gather representatives from regulatory bodies and top international investment banks to discuss enhancing the global pricing influence of "Zhengzhou prices" and cross-border risk management for实体企业 [5][6].