Core Viewpoint - The Guangzhou Futures Exchange (GFEX) is positioned as China's first futures exchange focused on serving green development, with significant advancements in its product system and services for low-carbon development [2]. Group 1: Product Development and Market Impact - GFEX has accelerated its layout around the new energy industry chain, establishing a futures system that includes key products such as industrial silicon, lithium carbonate, and polysilicon, enhancing market functions and price influence [2]. - The exchange has launched futures and options for industrial silicon, lithium carbonate, and polysilicon, aiming to introduce a new product approximately every year [2]. - Daily trading volumes for industrial silicon, lithium carbonate, and polysilicon exceed 300,000 contracts, with institutional clients holding 60% of the positions, indicating a significant increase in industry participation [2]. Group 2: New Product Launches - Platinum and palladium futures and options have been approved by the China Securities Regulatory Commission and are set to be listed on November 27, highlighting their importance in green industries such as automotive emissions control [3]. - The prices of raw materials in the new energy industry are highly volatile, with extreme price spikes observed prior to the futures listings, which have since stabilized prices and provided reliable forward pricing for enterprises [3]. Group 3: International Influence and Participation - GFEX's lithium carbonate futures have become the largest and most liquid lithium salt product globally, with some international trade companies using GFEX prices as a key pricing benchmark in forward contracts [4]. - The exchange has introduced qualified foreign institutional investors for its listed products and established regular communication mechanisms with over ten foreign exchanges [5]. Group 4: Future Plans and Strategic Directions - GFEX has outlined three key focus areas for the "14th Five-Year Plan" period and future green transformation needs: enriching the product system, enhancing market services and training, and promoting high-level openness to foreign participation [6]. - Plans include the development of lithium hydroxide futures and options, deeper engagement in the photovoltaic, wind power, and energy storage sectors, and the research of strategic products like carbon emission rights futures [6]. - GFEX aims to contribute to green development and the construction of a financial powerhouse by leveraging its unique role in price discovery, risk management, and resource allocation [6].
广期所李慕春：丰富完善品种体系 推进氢氧化锂期货及期权研发上市
证券时报·2025-11-24 00:48