中粮期货副总经理杨英辉：落实《意见》要求 推动期市对外开放

Core Viewpoint - The article highlights the significant progress made in China's futures market over the past year, driven by the implementation of the regulatory opinions aimed at enhancing risk management and supporting high-quality development in the sector [1]. Group 1: Market Development and Structure - The number of futures varieties has reached 157, with a more comprehensive product system that includes active green futures like industrial silicon and lithium carbonate, directly serving the risk management needs of the new energy industry [2]. - The approach to risk management among enterprises has evolved from simple hedging to a more sophisticated model that integrates futures, options, and basis trading, enhancing stability and risk resilience [2]. - The degree of openness in the futures market has increased, with qualified foreign investors able to trade 104 varieties, including 95 listed futures products, thereby enhancing the international influence of Chinese pricing [2]. Group 2: Company Initiatives and Strategies - The company has focused on strengthening its service capabilities to better support the real economy, emphasizing a proactive approach to client engagement and enhancing service quality [3]. - The company is actively promoting financial futures and derivative hedging transactions to support the stable growth of medium- and long-term funds, facilitating their entry into the market [4]. - The company has been expanding its international presence, leveraging existing licenses to provide tailored risk management solutions and attract foreign investors to domestic markets [5]. Group 3: Future Outlook and Industry Trends - The company aims to transition from traditional futures services to a comprehensive model that includes domestic brokerage, international business, risk management, and wealth management, focusing on customer-centric value creation [6]. - The futures industry is undergoing a profound transformation, with its role evolving from a mere facilitator of transactions to a comprehensive risk management service provider, driven by policy, technology, and market forces [7]. - The industry is expected to experience a Matthew effect, leading to a clearer tiered structure where leading firms become comprehensive service providers, while smaller firms may need to specialize or face consolidation [7].