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2025中国(郑州)国际期货论坛开幕
Sou Hu Cai Jing· 2025-08-20 10:50
Core Viewpoint - The forum focused on how the futures market can empower the real economy and contribute to national development, emphasizing high-quality development practices and opportunities in the futures market [1][5]. Group 1: Futures Market Development - The China Securities Regulatory Commission (CSRC) reported that there are currently 131 listed commodity futures and options in the Chinese futures market, with a year-on-year increase of 12.2% in average daily trading volume for industrial clients in 2024 [3]. - The number of listed companies participating in hedging has increased for 11 consecutive years, indicating a growing integration of futures prices into the operational management of physical enterprises [3]. - The CSRC plans to promote the listing of important energy products like liquefied natural gas and expand the commodity index system to enhance the futures market's openness [3]. Group 2: Regional Support and Policy Initiatives - The Henan Provincial Financial Office has introduced various policies to support the high-quality development of the futures market, focusing on innovation and resource aggregation [3]. - Zhengzhou is positioning itself as a key hub for connecting domestic and international bulk commodity markets, with plans to support the Zhengzhou Commodity Exchange (ZCE) in launching more futures and options products [3][4]. - The ZCE aims to optimize market supply and enhance its service capabilities while expanding its high-level openness to build a world-class exchange [4][5]. Group 3: Practical Applications and Industry Feedback - The forum included discussions on various sub-forums, such as risk management for industrial enterprises and agricultural products, highlighting the practical applications of futures in different sectors [5]. - A representative from a grain and oil enterprise noted that the "futures + spot" model has significantly reduced risk management costs, expressing a desire for more region-specific products to provide precise risk management tools for small and medium-sized enterprises [5].
证监会期货监管司副司长王颖:期货市场发展质量再上新台阶 下一步重点做好丰富产品供给等五方面工作
Qi Huo Ri Bao· 2025-08-20 03:34
Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum highlighted the increasing importance of the futures market in managing risks amid global economic uncertainties, emphasizing its role in supporting the real economy and enhancing market service capabilities [1][2]. Group 1: Market Development and Service Capabilities - The futures market's service capabilities have been continuously enhanced, with a diverse range of products introduced, including polysilicon, casting aluminum alloy, pure benzene, and propylene, bringing the total number of listed commodity futures and options to 131 [1]. - The participation of industrial clients has significantly increased, with a 12.2% year-on-year growth in daily trading volume for industrial clients in 2024, and the total holding of major products by these clients exceeding 200 million tons [1]. Group 2: Price Influence and Market Integration - The influence of futures prices has been rising, with various hedging strategies being widely adopted in response to external uncertainties, and some products becoming reference points for international trade pricing [2]. - The futures market is increasingly integrated into national development strategies, supporting rural revitalization and ensuring food security through innovative models like "insurance + futures" [2]. Group 3: Future Directions and Regulatory Focus - The China Securities Regulatory Commission (CSRC) plans to enrich product offerings by promoting the listing of important energy products like liquefied natural gas and expanding the coverage of futures and derivative tools [3]. - The CSRC aims to enhance the openness of the futures market by increasing the range of futures and options available to qualified foreign investors, thereby improving their participation [3]. - Continuous improvement of market services is a priority, with a focus on guiding leading enterprises to utilize the futures market effectively and supporting small and medium-sized enterprises in risk management [3].
证监会期货监管司副司长王颖:期货市场发展质量再上新台阶,下一步重点做好丰富产品供给等五方面工作
Qi Huo Ri Bao· 2025-08-20 03:17
Core Viewpoint - The forum highlighted the increasing importance of the futures market as a risk management platform amid global economic uncertainties, emphasizing its role in supporting the real economy and addressing external challenges [1][4]. Group 1: Futures Market Development - The futures market's service capabilities have been enhanced, with a total of 131 listed commodity futures and options, expanding its reach across various sectors of the national economy [1][2]. - The participation of industrial clients has increased, with a 12.2% year-on-year growth in daily trading volume for industrial clients in 2024, and the total holding of major products by these clients exceeding 200 million tons [1][2]. Group 2: Price Influence and Application - The influence of futures prices has grown, with various hedging strategies being widely adopted in response to external market conditions, and some products becoming references for international trade pricing [2][3]. - The number of foreign investors participating in domestic futures and options has expanded to 91, reflecting the ongoing opening-up of the futures market [2][3]. Group 3: Integration with National Development - The futures market is increasingly integrated into national development strategies, supporting rural revitalization and food security through innovative models like "insurance + futures" [2][4]. - The market also plays a crucial role in the high-quality development of the manufacturing sector, with 84 listed industrial products, accounting for 64% of total products, providing stability and security for supply chains [2][4]. Group 4: Future Directions - The China Securities Regulatory Commission plans to enrich product offerings, including the listing of important energy products like liquefied natural gas, to better meet market risk management needs [3][4]. - There will be a focus on high-level opening-up of the futures market, increasing the range of products available for qualified foreign investors, and enhancing their participation [3][4]. - Continuous improvement of market services is planned, with an emphasis on helping enterprises utilize the futures market for risk management [3][4].
更好发挥期市的“减震器”“配置器”作用
Qi Huo Ri Bao Wang· 2025-08-15 00:36
Core Insights - The futures market in China has reached a historical high in total funds, reflecting the transformation of futures tools from "financial derivatives" to "operational necessities" during the economic transition [1][2] - The growth in the futures market is driven by a combination of policy support, industry demand, and market dynamics, indicating a positive feedback loop [3][4] Group 1: Market Dynamics - As of July 2025, the total funds in the futures market are approximately 1.82 trillion yuan, representing an 11.6% increase from the end of 2024, amidst global geopolitical tensions and economic recovery disparities [2] - The demand for hedging and asset allocation has surged due to the expansion of China's real economy, with GDP growth of 5.3% in the first half of 2025 [2] - The divergence between CPI and PPI has created a need for enterprises to lock in prices through futures to stabilize cash flow [2] Group 2: Policy and Industry Support - The increase in general corporate client equity by 18.5% by July 2025 is attributed to supportive policies, including the introduction of more futures products and fee discounts for hedging transactions [3] - Leading enterprises are increasingly reliant on futures tools for pricing and inventory management, creating a leverage effect that benefits smaller traders [3] Group 3: Futures Market Evolution - The futures market is evolving across multiple dimensions, including the introduction of carbon futures and data derivatives, indicating a shift towards more complex financial instruments [4] - The market participant structure is changing from retail-dominated to a more balanced distribution among professional institutions and industry clients [4] - Technological advancements such as blockchain and IoT are expected to streamline the delivery process, reducing costs and enhancing participation for small enterprises [4] Group 4: Service to the Real Economy - The establishment of industry chain prosperity indices can guide production and inventory management across supply chains [5] - A tiered toolbox for risk management is being developed to cater to both small and large enterprises, enhancing their ability to hedge against market fluctuations [5] - Collaborative efforts in key commodity hubs are being made to integrate logistics and financial services, providing comprehensive support to businesses [5] Group 5: Strategic Positioning - The futures market is positioned as a stabilizer for the real economy, enabling Chinese enterprises to manage risks proactively and integrate futures into their daily operations [6] - The goal is to establish "Chinese pricing" in global trade contracts, enhancing the competitiveness of Chinese businesses in the international market [6]
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
券商中国· 2025-08-14 23:37
在"反内卷"政策推动下,多个商品期货品种走出火热行情,吸引了大量资金的涌入,期货市场资金总量创出历史新 高。 中国期货市场保证金监控中心数据显示,截至7月24日,期货市场资金总量达到18267.76亿元,创下历史新高。这是自 2023年以来,期货市场资金总量时隔两年再度刷新纪录。 不仅资金规模创纪录,刚披露的上半年期货市场的有效客户总量攀升至261万个,也创出历史新高。客户总量和资金总量 双双创历史新高,这或许意味着期货市场迎来了"黄金时代"。 中国期货市场监控中心数据显示,2025年上半年,全市场新增期货客户41万个,较去年同期增长2.5%。截至2025年6月 末,全市场有效客户总量攀升至261万个,创历史新高,同比增长12%。 其中,客户主体结构改善趋势明显,机构客户数较2022年同期大幅增长43%。境外客户增长更为迅猛,较2022年同期增 长63%。目前,已有来自全球39个国家或地区的交易者参与我国期货市场,中国期货市场国际化进程稳步推进,高质量 开放新格局加速形成。 资金总量创历史新高 2023年8月,我国期货市场资金总量一度突破1.8万亿元,创下历史新高,行业发展迈上新台阶。经历了两年的调整,期货 ...
2025中国(郑州)国际期货论坛将于8月19日—20日举办
Zheng Quan Ri Bao Wang· 2025-08-11 08:47
本报讯 (记者王宁)中国(郑州)国际期货论坛已成功举办七届,近日,记者获悉,2025中国(郑 州)国际期货论坛将于8月19日至20日在郑州举办。 记者了解到,除主论坛外,本届论坛还设置了四个分论坛,分别是对外开放论坛、产业企业风险管理论 坛、农产品(油脂油料)论坛和工业品(聚酯)论坛,精准覆盖了强国建设的关键领域。主论坛除政府 及归口监管部门参与外,国务院发展研究中心原副主任余斌、中国期货业协会党委书记杨光、芝加哥商 业交易所集团亚太地区董事总经理拉塞尔·贝蒂等嘉宾也将分别带来"中国经济高质量发展形势及展 望""期货和衍生品行业发展与强国建设""全球衍生品市场变革趋势与前景"的主题分享。各分论坛聚焦 开放实践、风险管理、产业供需等热点话题,通过主题演讲与圆桌讨论,为对外合作、产业升级与风险 防控提供解决方案。 论坛的"温度",源于对实体企业需求的真切回应。厦门国贸(600755)石化有限公司总经理刘德伟直 言:"本届论坛主题非常贴近企业所需。在石化行业从'进口依赖'向'出口导向'深刻转变的背景下,期待 在本届论坛中学到运用期货工具去进行出口定价、锁定加工利润的新方法。" "让实体企业稳健盈利,就是稳就业、保民 ...
2025中国(郑州)国际期货论坛将于8月19—20日举办
Qi Huo Ri Bao Wang· 2025-08-07 16:32
Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum will focus on empowering the real economy and supporting national construction through high-quality development of the futures market, highlighting its essential role in risk management and economic stability [1][2]. Group 1: Forum Overview - The eighth edition of the forum will take place on August 19-20, 2025, in Zhengzhou, co-hosted by Zhengzhou Commodity Exchange and the Chicago Mercantile Exchange Group [1]. - The forum aims to gather government departments, regulatory agencies, industry associations, enterprises, financial institutions, and experts to discuss the development trends and innovative practices of the futures market in the current era [1][2]. Group 2: Importance of Futures Market - The futures and derivatives market serves as a "stabilizer" for the market economy and a "toolbox" for risk management, becoming indispensable in supporting the real economy and national strategies [1]. - In agriculture, the futures market stabilizes producers' income and strengthens food security, contributing to agricultural power construction [1]. - In manufacturing, it helps companies lock in raw material costs and mitigate price volatility risks, supporting the construction of a manufacturing powerhouse [1]. - The market also provides diverse hedging tools for international trade, enhancing the construction of a trade powerhouse [1]. Group 3: Industry Insights - The forum will address how to transform uncertainties in economic development into certainties, enhancing the quality of support for the real economy and national construction [2]. - High-level opening of the futures market is crucial for accelerating the construction of a "dual circulation" new development pattern and achieving Chinese-style modernization [2]. - Recent expansions in QFII and RQFII participation in commodity futures and options have broadened the market's openness, attracting foreign institutions and enhancing the international influence of Chinese futures prices [2]. Group 4: Forum Structure - The forum will feature four sub-forums focusing on key areas of national construction: foreign opening, risk management for industrial enterprises, agricultural products (oils and fats), and industrial products (polyester) [4]. - Notable speakers will include former Deputy Director of the State Council Development Research Center Yu Bin and other industry leaders, discussing topics such as the outlook for high-quality economic development and trends in the global derivatives market [4]. Group 5: Practical Implications - The forum is positioned as a platform for practical solutions, aiming to provide insights into risk management and industry upgrades through discussions and exchanges among participants [4][5]. - The event is expected to serve as a "booster" for the integration of futures and spot markets, contributing to national construction [5].
大商所“百校万才”工程2025年夏令营开营
Qi Huo Ri Bao Wang· 2025-07-15 03:34
Core Insights - The event "Hundred Schools, Ten Thousand Talents" summer camp aims to deepen the integration of education and industry in the futures market, highlighting the importance of talent cultivation for the stability and sustainable development of the futures market [1][3] - The Dalian Commodity Exchange (DCE) has collaborated with 92 universities to conduct over 400 training projects since 2017, successfully training more than 30,000 students [1][4] Summary by Sections Event Overview - The summer camp, guided by the China Securities Regulatory Commission and organized by DCE and the China Futures Association, involves 30 outstanding students from top universities [1] - The camp will last for one week, combining theoretical learning with practical experiences to enhance students' understanding of the futures market [4] Expectations for Participants - Participants are encouraged to deeply engage with the industry, understand the essence of the futures market's service to the real economy, and explore practical applications beyond textbooks [2] - Students are urged to embrace responsibility and teamwork, fostering a spirit of collaboration and mutual progress [2][3] Industry and Educational Collaboration - The China Futures Association emphasizes the need for high-quality financial talent to support the futures market's development, focusing on enhancing service capabilities for the real economy and promoting industry stability [3] - DCE plans to continue expanding the "Hundred Schools, Ten Thousand Talents" initiative, enhancing the connection between industry and academia through diverse practical activities [4]
期货业年度盛典再启幕!“2025中国期货业君鼎奖”评选正式启动
券商中国· 2025-07-14 02:33
Core Viewpoint - The "2025 China Futures Industry Jun Ding Award" has officially launched, aiming to recognize outstanding futures companies across various dimensions such as comprehensive strength, innovation capability, risk control level, and service effectiveness to the real economy [2][6]. Group 1: Event Details - The registration period for the award is from July 14, 2025, 10:00 AM to July 28, 2025, 5:30 PM [3]. - The award aims to encourage continuous innovation in the industry, with a new focus on internationalization practices [6]. Group 2: Industry Development - China's futures market has seen steady growth, with a total trading volume of 619 trillion yuan in 2024, marking an 8.9% year-on-year increase [5]. - The number of effective clients in the market reached approximately 2.5 million, with total funds amounting to about 1.7 trillion yuan, reflecting year-on-year growth of 13.4% and 9.3% respectively [5]. - The market has introduced 15 new futures and options products in 2024, enhancing its ability to support national strategies such as "ensuring supply and stabilizing prices," "green development," and "rural revitalization" [5]. Group 3: Award Categories - The award categories for 2025 include: 1. 2025 China Leading Futures Company Jun Ding Award 2. 2025 China Growth Potential Futures Company Jun Ding Award 3. 2025 China Excellent Rural Revitalization Futures Company Jun Ding Award 4. 2025 China Internationalization Pioneer Futures Company Jun Ding Award 5. 2025 China Excellent Service to the Real Economy Futures Company Jun Ding Award 6. 2025 China Excellent Futures Asset Management Products Jun Ding Award 7. 2025 China Futures Company Leading Figure Jun Ding Award [9][10]. Group 4: Industry Impact - The Jun Ding Award has become one of the most influential and credible awards in the futures industry, attracting numerous quality institutions and showcasing the steady growth of China's futures market [7]. - The year 2025 marks the conclusion of the "14th Five-Year Plan" and is a significant year for the futures industry to transition to a new stage of "high-quality development" [8].
推动首都期货市场高质量发展
Qi Huo Ri Bao Wang· 2025-07-08 18:21
Group 1 - The core objective of the training session is to enhance the service capabilities of futures institutions in Beijing, thereby promoting high-quality development of the capital's futures market [1] - Zhengzhou Commodity Exchange (ZCE) aims to strengthen product, service, and regulatory supply to improve market operation quality, focusing on four key areas: optimizing product offerings, market cultivation, enhancing member service quality, and strengthening regulation [1][2] - The training emphasized the importance of team building in futures companies, highlighting that a strong team is essential for achieving sustainable growth and competitiveness [2] Group 2 - The trading consulting business is identified as a crucial direction for differentiation and specialization among futures companies, providing tailored services to meet enterprise needs [3] - Challenges faced by the trading consulting business include significant demand variability among enterprises, low efficiency in point-to-point services, and insufficient comprehensive talent [3] - Future developments in trading consulting should leverage technology and data, with a focus on building intelligent research platforms and digital risk management tools to enhance service efficiency and integration with the real economy [3]