中国期货业协会：稳步扩大开放“品种池”

Core Viewpoint - The China Futures Association emphasizes the importance of steadily expanding the "variety pool" to attract global traders to participate in the domestic futures market [1][2] Group 1: Market Overview - The commodity futures and derivatives market is inherently global, with a high correlation between domestic and international futures market prices [1] - China is one of the world's largest consumers of bulk commodities, with significant reliance on imports for crude oil, iron ore, and soybeans [1] - China's commodity futures market accounts for over 60% of the global total trading volume, maintaining a leading position for several consecutive years [1] Group 2: Expansion of Futures Products - Since the launch of the first open futures product, crude oil futures, in 2018, a diverse product system covering energy, metals, agricultural products, and shipping has been established [1] - As of the end of July this year, there are 24 specific futures products available for foreign participation [1] Group 3: Foreign Participation and Infrastructure - As of June 2025, Chinese futures companies have established 22 first-level subsidiaries, 39 second-level subsidiaries, and 6 third-level subsidiaries overseas [2] - These subsidiaries are located in regions such as Hong Kong, Singapore, the UK, and the US, and hold trading and clearing memberships with major global commodity exchanges [2] - The association aims to expand the range of specific products for foreign participation, prioritizing mature and controllable risk futures options [2]