Core Viewpoint - The futures market is increasingly integrated into the national development framework, enhancing its role as a professional risk management platform amid global economic uncertainties [2][3]. Group 1: Futures Market Development - The futures market's ability to serve the real economy is continuously improving, with a diverse range of products being introduced, including polysilicon and aluminum alloy futures [2]. - As of now, there are 131 listed commodity futures and options, expanding the market's reach across various sectors of the national economy [2]. - The daily trading volume of industrial clients increased by 12.2% year-on-year in 2024, with the total holding of 48 major products equivalent to over 200 million tons in the spot market [2]. Group 2: Price Influence and Application - The influence of futures prices is on the rise, with various hedging and arbitrage strategies being widely adopted in response to external uncertainties [3]. - Futures prices are becoming a reference for international trade pricing, with the number of foreign investors participating in domestic futures options expanding to 91 [3]. Group 3: Support for National Strategies - The futures market is contributing to rural revitalization and food security through initiatives like "insurance + futures" to stabilize farmers' incomes [3]. - The market is also supporting high-quality development in the manufacturing sector, with 84 of the listed products being industrial goods, accounting for 64% of the total [3]. Group 4: Future Directions for Zhengzhou Futures Exchange - Zhengzhou Futures Exchange aims to enhance its service capabilities by diversifying product offerings, including the development of sunflower seed oil futures and other commodities [4][5]. - The exchange plans to improve market operation and service quality, focusing on tailored strategies for individual products and enterprises [5]. - There is a commitment to expand international cooperation and enhance the global pricing influence of the Zhengzhou futures market [5][6]. Group 5: Regulatory and Institutional Support - The China Securities Regulatory Commission (CSRC) emphasizes the need for high-level market openness and plans to introduce more products to meet risk management needs [6][7]. - The CSRC will enhance service models for industries, guiding enterprises in utilizing the futures market for stable operations [6]. - There is a focus on improving research capabilities to support the futures market's development in alignment with national strategies [7].
期货市场多维赋能 助力实体经济高质量发展
Zhong Guo Zheng Quan Bao·2025-08-20 20:17