中国国际期货总经理王兵:聚焦主责主业 实现服务实体经济新突破
Shang Hai Zheng Quan Bao·2025-12-29 19:06

Core Viewpoint - The central economic work conference has analyzed the current economic situation and outlined the economic work for 2026, providing guidance for the futures industry to enhance its professional service capabilities and risk prevention levels to better serve national strategies and the real economy [2][3] Group 1: Enhancing Futures Market Functions - The futures market should fully leverage its functions in price discovery, risk management, and resource allocation, focusing on serving the high-quality development of the real economy [4] - There is a need to deepen services across the entire industrial chain, extending from single-link services to comprehensive risk management covering upstream raw material procurement, midstream production, and downstream product sales [4] - The industry should innovate financial products like "hedging loans" and "options + credit" to support technology-driven and small to medium-sized enterprises, reducing their participation barriers in the futures derivatives market [4] Group 2: Supporting Green Transition - The futures market can play a significant role in the green transition by providing carbon pricing and risk management tools, especially for industries sensitive to raw material prices like lithium and cobalt [5] - There is potential to incorporate ESG factors into commodity futures contract design and delivery standards, guiding resources towards green and low-carbon sectors [5] - The market can explore the development of green financial derivatives related to green bonds and green credit, aiding financial institutions in managing risks associated with green assets [5] Group 3: Expanding International Influence - The futures market is encouraged to enhance its international influence and contribute to the high-quality development of the Belt and Road Initiative by internationalizing more commodity futures [6] - It is essential to attract industrial clients from Belt and Road countries to participate deeply, gradually forming authoritative prices in RMB that reflect regional supply and demand [6] - The market should actively participate in the formulation of international derivatives market rules, promoting cooperation in delivery standards and regulatory recognition to enhance China's international voice and attractiveness in the futures market [6]