Core Viewpoint - The continuous promotion of the opening of the futures market in China is crucial for enhancing the pricing influence of bulk commodities and supporting the high-quality development of the real economy [1][2][3]. Group 1: Impact of Opening Futures Market - The opening of the futures market is key to forming a "China price" that reflects supply and demand in the Asia-Pacific market, thereby enhancing China's global pricing influence in major bulk commodity markets [2][3]. - The futures market's high-level opening can reduce cross-border transaction costs for enterprises and promote efficient global allocation and deep integration of industrial and supply chains [2][3]. Group 2: Achievements in Internationalization - China's futures market has achieved significant internationalization, with over 60% of global trading volume in commodity futures, and has maintained a leading position in trading volume for several consecutive years [3][4]. - As of July 2025, there are 24 specific futures products available for foreign participation, and the China Securities Regulatory Commission has removed foreign ownership limits for futures companies, creating a more transparent and stable policy environment [4][5]. Group 3: Future Directions and Strategies - The industry aims to continue expanding the range of specific futures products available for foreign investors, prioritizing mature and controllable risk products for inclusion in the opening list [6][7]. - The China Futures Association will actively participate in the research of cross-border trading and regulatory cooperation to strengthen the institutional foundation for the opening of the futures market [6][7].

杨光表示，开放的期货市场有助于形成真正反映亚太市场供需的"中国价格"，提升我国在重要大宗商品 市场的全球价格影响力，为我国初级产品国际贸易提供更为公平合理的价格基准。同时，这也有利于降 低企业跨境交易成本，推动产业链、供应链在全球范围内的高效配置与深度融合，为构建开放有序、普 惠包容的开放型世界经济贡献力量。 "对外开放是提升大宗商品价格影响力的必由之路。"郑商所相关负责人表示，推进期货市场对外开放， 能为国际市场提供更多期货和期权产品，优化市场规则制度体系，吸引更多境外客户参与交易，完善期 货市场参与者结构，有利于充分利用国内国际两个市场、两种资源，提升大宗商品价格影响力。 ● 本报记者 马爽 近年来，我国期货市场开放成果显著，在提升大宗商品定价影响力、推动产业链稳定等方面作用凸显。 8月19日，在"2025中国（郑州）国际期货论坛"对外开放论坛上，与会嘉宾表示，持续推动期货市场开 放意义重大，是构建新发展格局、增强市场联动效应的关键，也是提升大宗商品价格影响力、服务产业 企业"走出去"的必由之路，未来需从多方面持续探索，以更好赋能实体经济、服务高质量发展。 提升大宗商品价格影响力与服务效能 近年来，我国期 ...

Core Viewpoint - The article emphasizes the importance of the futures market in supporting China's economic development and enhancing risk management capabilities amid global uncertainties [2][4]. Group 1: Key Focus Areas of the Futures Market - The futures market is seen as a professional platform for market-based risk management, especially in the context of increasing global economic uncertainties [2]. - The China Securities Regulatory Commission (CSRC) aims to enhance the futures market's service capabilities to better support the real economy and national strategies [2][3]. Group 2: Five Key Initiatives for the Futures Market - Continuous enrichment of product supply, including the launch of important energy futures like liquefied natural gas [3]. - Promotion of high-level openness in the futures market, increasing the range of futures and options available to qualified foreign investors [3][6]. - Deepening market services to better support enterprises in risk management through futures [3]. - Enhancing the professional capabilities of industry institutions to provide tailored risk management tools for various enterprises [3]. - Strengthening research-driven development to improve the futures market's research capabilities and align with national strategies [3]. Group 3: Integration with National Development - The futures market is increasingly integrated into national development strategies, with ongoing research and development of derivatives that meet the needs of the real economy [4]. - The participation of industrial clients in the futures market has increased, with a reported 12.2% year-on-year growth in daily trading volume for industrial clients in 2024 [4][5]. Group 4: Expansion of Futures Products - Zhengzhou Commodity Exchange (ZCE) has listed 47 products, providing a comprehensive toolset for risk management across various industries [5]. - The participation rate of listed companies in hedging activities has significantly increased, with 1,503 companies publishing hedging announcements in 2024, a 15.7% year-on-year growth [5]. Group 5: Internationalization and Global Engagement - The ZCE has opened 26 futures and options products to qualified foreign investors, enhancing international market engagement [6][7]. - The exchange aims to expand its international product offerings and strengthen global pricing influence through cross-border cooperation [7].

期货日报网讯(记者韩乐)8月19日，由郑州商品交易所、芝加哥商业交易所集团联合主办的2025中国(郑 州)国际期货论坛正式开启。在当日下午举行的对外开放论坛上，中国期货业协会会长杨光在致辞中表 示，当前我国商品期货市场成交量占全球总量超六成，交易量连续多年位居世界前列。在此背景下，进 一步推动期货市场对外开放，有助于完善我国期货市场参与者结构、优化市场规则制度体系，推动我国 期货市场实现"量质齐升"，不断增强国际竞争力与影响力。 杨光表示，作为现代金融体系的重要组成部分，期货市场高水平对外开放不仅是构建新发展格局、增强 国内国际两个市场联动效应的关键环节，更是落实党中央决策部署的具体实践。 "走出去"方面，2006年首批6家期货公司在香港设立子公司后，截至2025年6月，境内期货公司共设立境 外一级子公司22家、二级子公司39家、三级子公司6家，业务覆盖全球主要金融中心，并获得全球主流 大宗商品交易所的交易、清算会员资质，初步具备为客户提供全球范围内综合金融与衍生品服务的能 力。 此外，中国期货市场的开放举措还包括结算价授权合作、跨境商品ETF、交易所境外注册等，这些措施 共同构成了中国期货市场高水平制度型开 ...