强监管防风险促高质量发展 期货市场持续做好五方面工作

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum emphasizes the increasing importance of the futures market in managing risks amid global economic uncertainties, with a focus on enhancing service capabilities to support the real economy and national strategies [1]. Group 1: Regulatory and Development Initiatives - The China Securities Regulatory Commission (CSRC) plans to enhance product offerings by promoting the listing of important energy varieties like liquefied natural gas and improving the commodity index system to better meet market risk management needs [1][2]. - The CSRC aims to advance high-level opening of the futures market by implementing key measures for capital market openness by 2025, increasing the range of futures and options available for qualified foreign investors [1][2]. - The CSRC will deepen market services by improving industry service models and supporting small and medium enterprises in utilizing futures for risk management [2]. Group 2: Market Participation and Growth - The domestic futures market has seen a significant increase in participation, with a 12.2% year-on-year growth in daily trading volume from industrial clients in 2024, and over 2 billion tons of market scale represented by the positions of 48 major products [3]. - Zhengzhou Commodity Exchange has listed 47 products, providing a comprehensive toolset for risk management across various sectors, with significant participation from key industries [3]. - The futures prices of several products, such as cotton and urea, have become important references for national macroeconomic policy formulation [3]. Group 3: Internationalization and Collaboration - Zhengzhou Commodity Exchange has opened 26 futures and options products to qualified foreign investors, ranking second in the country for the number of open products, with nearly 170 QFI clients from 12 countries and regions [4]. - The exchange is actively working on international product development and aims to expand the range of tradable products for QFIs, including the overall opening of the polyester futures sector [4].