1月新增超4000亿元！期市资金、客户数增势强劲

Core Insights - The Chinese futures market is experiencing robust growth, with the total number of effective clients reaching 2.78 million by the end of 2025, an 11% increase from the previous year, and 940,000 new clients opened [1] - The total funds in the futures market are projected to reach approximately 2.15 trillion yuan by the end of 2025, a 32% increase from 2024, with client equity at 2 trillion yuan, up 31% [1] - The market is seeing a significant rise in medium to long-term funds, with new accounts increasing by 12%, indicating a positive shift in client structure [1] Market Dynamics - The growth in effective clients is attributed to three main factors: increased market demand, supportive policies, and enhanced industry service capabilities [2] - The volatility in commodity prices has heightened the need for risk management, making futures contracts essential for businesses facing operational uncertainties due to geopolitical conflicts and supply chain disruptions [2] - The implementation of the Futures and Derivatives Law provides legal assurance for industry clients, while collaborative initiatives between exchanges and futures companies enhance the capacity of businesses to utilize futures [2] Participant Diversity - The futures market is becoming more active and diverse, with a notable increase in special legal entity clients using index futures for risk hedging [3] - Precious metals and industrial metals are gaining traction among institutional investors due to their low correlation with traditional assets, making them attractive for asset allocation [3] - The industry is encouraged to strengthen customer service systems, focusing on tailored hedging solutions and risk management training for businesses, while promoting rational participation from individual and institutional investors [3]