证监会期货司张博：我国期市已形成“直接开放为主、多元路径为辅”的开放格局

Core Insights - The 2025 China (Zhengzhou) International Futures Forum highlighted the current state of China's futures market, emphasizing its open structure and international participation [1][2] - The China Securities Regulatory Commission (CSRC) reported that the futures market has established three main modes of international openness: direct openness, Qualified Foreign Institutional Investor (QFI) participation, and settlement price authorization [1] Group 1: Market Structure and Participation - China's futures market has 24 internationalized products covering key categories such as crude oil, iron ore, and PTA, attracting over 1,000 foreign traders from 40 countries and regions [1] - A total of 91 futures and options products are included in the QFI trading scope, indicating a significant level of foreign engagement [1] Group 2: Market Impact and Global Position - The Shanghai crude oil futures market ranks among the top three globally, serving as a crucial pricing reference for crude oil trade in the Asia-Pacific region [1] - Approximately 40% of natural rubber imports are linked to the price of the 20th rubber futures, and about 30% of South American farmers reference the Dalian Commodity Exchange's No. 2 soybean futures price, showcasing the growing international influence of "Chinese prices" [1] Group 3: Future Outlook - The CSRC emphasized the need to balance openness with safety and to enhance trading convenience while deepening cross-border cooperation in the futures market [2] - Future plans include expanding the range of open products and improving trading accessibility [2]