Core Viewpoint - The recent announcement by the China Securities Regulatory Commission (CSRC) regarding the inclusion of 14 new futures and options products for foreign traders marks a significant step in the opening of China's futures market, enhancing its international influence and pricing power [1][2]. Group 1: Futures Market Expansion - The CSRC has added 14 new futures and options products, increasing the total number of designated products for foreign traders to 38 [1]. - The newly included products focus on sectors where China has a strong consumption market or complete industrial chain advantages, such as non-ferrous metals, chemicals, and new energy materials [2]. - The inclusion of nickel futures and options is particularly noteworthy as it is the first directly open non-ferrous metal futures product, indicating a key step in the internationalization of the Shanghai Futures Exchange [2][3]. Group 2: Nickel Futures and Options - Nickel is a critical strategic material for emerging industries, and China, being the largest consumer and importer of nickel, provides a solid foundation for the futures market's opening [2]. - The opening of the nickel futures and options market is expected to enhance risk management capabilities for the non-ferrous metal industry and attract more participants for price formation and risk management [2]. Group 3: Polyester Industry Collaboration - The newly added products in the chemical sector include core polyester industry futures and options, which are essential for China's leading position in the global polyester industry [4][5]. - By 2025, China's polyester production capacity is projected to reach 89.035 million tons, accounting for 60% to 70% of the global total, indicating a robust market structure [4]. - The internationalization of the polyester sector is expected to improve the global pricing system and meet the diverse risk management needs of domestic and foreign enterprises [5]. Group 4: Lithium Carbonate Futures - The inclusion of lithium carbonate futures and options in the designated products is significant for the lithium battery industry, which is crucial for energy storage and electric vehicles [6][7]. - The introduction of these products is anticipated to provide transparent pricing and enhance China's influence in international lithium resource trade [6]. - The ability for domestic and foreign enterprises to engage in futures trading will facilitate risk management and stabilize operational profits amid price volatility [7].

此次证监会明确我国期货市场开放品种扩容标志着中国期货市场对外开放正提质增量加速开放并步 入"制度型开放"和"定价影响力建设"的新阶段。 中国期货市场对外开放再度迎来重磅升级。近日，证监会发布进一步扩大期货市场开放品种范围的 公告，新增确定14个期货期权品种为境内特定品种，涵盖了镍、碳酸锂、对二甲苯、瓶片、短纤等 多个有色、能源金属及化工品。 在业内人士看来，这标志着我国期货市场正从"点状突破"迈向"产业链条系统性开放"的新阶段。 由点及面的开放升级 此次扩容不仅是品种数量的增加，更是我国期货市场渐进式、阶梯化开放的深度延续。 国信期货首席分析师顾冯达认为，此次证监会明确我国期货市场开放品种扩容标志着中国期货市场 对外开放正提质增量加速开放并步入"制度型开放"和"定价影响力建设"的新阶段。在当前全球大宗 商品贸易格局深刻重构的背景下，此举通过引入更广泛的境外参与者，将国际铜、镍、橡胶等关键 战略资源品种纳入特定品种序列，有助于应对全球"资源为锚"的博弈新格局，服务于国家资源安全 保障和现代化产业体系建设。 西安交通大学客座教授景川强调，此次扩容并非孤立动作，而是证监会"分批有序扩大特定品种开 放"战略的延续，与 ...