推动液化天然气等重要能源品种上市

Core Viewpoint - The Chinese futures market has made significant progress in enhancing its service capabilities, price influence, and integration into national development, thereby supporting the stable operation of the real economy and addressing external risks [1][2]. Group 1: Market Development and Service Capabilities - The futures market's service capabilities have been continuously enhanced, with a richer variety of products and tools introduced, including important futures varieties like polysilicon and aluminum alloy since the end of last year [1]. - The participation of industrial clients has increased, with a 12.2% year-on-year growth in daily trading volume from industrial clients in 2024, and the total holding of 48 major varieties by industrial clients exceeding 200 million tons [1]. - The number of listed companies participating in hedging has maintained growth for eleven consecutive years [1]. Group 2: Price Influence and Market Integration - The influence of futures prices has been steadily increasing, with the opening up of the futures market allowing for more foreign participation, expanding the number of futures and options available to qualified foreign investors to 91 [1]. - Among the listed commodity futures and options, 84 are industrial products, accounting for 64%, providing strong support for the stability of manufacturing-related market entities amid increasing uncertainties [1]. Group 3: Future Directions and Strategic Focus - The China Securities Regulatory Commission (CSRC) aims to enhance service capabilities and levels, focusing on supporting the real economy and national strategies [2]. - Key future initiatives include enriching product supply by promoting the listing of important energy varieties like liquefied natural gas, and expanding the coverage of futures and derivative tools [2]. - The CSRC plans to advance high-level opening of the futures market, increasing the range of futures and options available for foreign investors [2]. - There will be a focus on improving market services, guiding leading enterprises to utilize the futures market effectively, and supporting small and medium-sized enterprises in risk management [2]. - The industry will enhance research-driven development to improve futures market research capabilities, addressing the needs of the national strategy and real economy [3].