里程碑！期货公司客户权益突破2万亿

Core Insights - The Chinese futures market has reached significant milestones with both total market funds and client equity surpassing 2 trillion yuan, marking a growth of over 30% compared to the end of 2024 [2][4] - The total trading volume in the futures market for the first 11 months of this year reached 8.117 billion contracts, with a total transaction value of 67.5 trillion yuan, reflecting year-on-year increases of 14.74% and 20.19% respectively [2][4] Market Growth - The total funds in the futures market first exceeded 1 trillion yuan in February 2021 and reached 1.5 trillion yuan by June 2022, indicating a consistent upward trend in market scale [4] - Client equity has also shown remarkable growth, doubling from 1 trillion yuan in February 2021 to surpassing 2 trillion yuan by December 2025, with the number of effective clients exceeding 2.7 million, a 14% increase from the same period in 2024 [5] Institutional Participation - Insurance institutions have significantly increased their participation in the futures market, with their equity growing approximately twofold compared to the end of 2024, showcasing a strong demand for risk management tools [4][7] - Over 30 domestic insurance institutions are now active in the futures market, utilizing various instruments like treasury futures and stock index futures for hedging purposes, which enhances their risk management capabilities [7][8] Long-term Investment Strategies - The influx of long-term funds, particularly from insurance companies, is driven by the recognition of the futures market's role in supporting the real economy and effective risk management [7] - The implementation of policies aimed at encouraging long-term capital to enter the market has led to a significant increase in new accounts opened by insurance funds, with a year-on-year growth of 166% in the first 11 months of 2025 [7]