1.8万亿元、261万个！期市资金总量与客户量双双创历史新高

Core Viewpoint - The article highlights the significant growth in China's futures market, driven by the "anti-involution" policy, leading to record highs in both total funds and effective customer numbers, indicating a potential "golden era" for the futures market [1][2]. Group 1: Total Funds in the Futures Market - As of July 24, 2023, the total funds in the futures market reached 18,267.76 billion yuan, marking a historical high and a growth of 11.6% compared to the end of 2024 [2][3]. - The total customer equity in the futures market was approximately 17,100 billion yuan, reflecting an increase of 11.2% from the end of 2024, with general corporate clients showing the most significant growth at 18.5% [3]. - The surge in total funds is attributed to increased market activity, with various commodities like polysilicon and industrial silicon experiencing significant price increases, attracting substantial capital inflow [3]. Group 2: Market Activity and Trading Volume - In July 2023, the national futures market recorded a trading volume of 1.059 billion contracts and a trading value of 71.31 trillion yuan, representing year-on-year increases of 48.89% and 36.03%, respectively [4]. - From January to July 2023, the cumulative trading volume reached 5.135 billion contracts and a cumulative trading value of 411.04 trillion yuan, with both metrics showing year-on-year growth of over 23% [4]. Group 3: Customer Structure Optimization - The number of effective customers in the futures market surged to 2.61 million by the end of June 2025, a 12% increase year-on-year, with 410,000 new customers added in the first half of 2025 [5]. - The structure of customers has improved significantly, with institutional clients increasing by 43% compared to the same period in 2022, and foreign clients growing by 63% [5]. - The internationalization of the Chinese futures market is progressing, with participants from 39 countries or regions, and the number of tradable QFII and RQFII products reaching 91 [5][6]. Group 4: Future Outlook - Experts believe that the expansion of fund size and the optimization of customer structure indicate a new breakthrough in the high-quality development of China's futures market [6]. - The introduction of more industry-relevant products and the enhancement of internationalization are expected to further strengthen the futures market's role in economic development and industrial upgrading [6].