上海天然橡胶期货合约

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浦江两岸汇聚金融力量
Jing Ji Ri Bao· 2025-10-04 22:00
Core Insights - The construction of Shanghai as an international financial center is progressing rapidly, with significant achievements in financial market infrastructure and foreign investment [1][4] - Shanghai has become one of the most comprehensive cities for financial elements globally, hosting a wide range of financial markets and institutions [1][4] Financial Market Development - Shanghai has established a "one-stop" financial ecosystem, including stock, bond, futures, foreign exchange, gold, and insurance markets, with total stock market capitalization and interbank bond market size ranking among the top globally [1] - As of June this year, there are 1,796 licensed financial institutions in Shanghai, with 556 foreign institutions, accounting for nearly one-third of the total [1] Foreign Exchange and Bond Markets - The China Foreign Exchange Trading Center serves as the main platform for RMB-related products and pricing, catering to nearly 6,000 institutions from over 70 countries and regions [2] - The center has introduced "Bond Connect" programs, facilitating international investment in Chinese bonds and allowing domestic investors to access overseas bond assets [2] Futures and Reinsurance Markets - The Shanghai Futures Exchange has listed 25 futures and 18 options products, with the recent listing of "Shanghai Natural Rubber Futures" in Japan marking a significant step in international price dissemination [3] - The Shanghai International Reinsurance Registration and Trading Center has processed a total premium of 4.392 billion yuan as of August this year, enhancing the efficiency of cross-border reinsurance transactions [3]
上海天然橡胶期货合约在大阪上市
日经中文网· 2025-05-27 03:19
Core Viewpoint - The introduction of cash-settled futures based on Shanghai's natural rubber futures by the Osaka Exchange aims to meet the hedging needs of companies holding natural rubber inventories in China against price fluctuations [1][4]. Group 1: Market Dynamics - Japan is the largest importer and consumer of natural rubber globally, and the Shanghai futures contract is one of the most liquid rubber futures in the world [3]. - The opening price on May 26 was set at 14,380 points per contract, with the contract months being January, May, and September, which are the most active trading months for Shanghai's natural rubber futures [4]. Group 2: Hedging and Arbitrage Opportunities - The new mechanism allows companies to hedge against price volatility of natural rubber inventories held in China, which was previously challenging for foreign investors due to the RMB-denominated pricing and limited access [4][5]. - The potential for arbitrage between the newly listed Shanghai natural rubber futures index product and existing futures could lead to increased trading volume in Osaka's market, benefiting global trading companies [5]. Group 3: Market Participation and Future Outlook - The Osaka Exchange's president expressed hopes that the collaboration with Shanghai's market would not only facilitate arbitrage but also align with the actual demand from Japanese manufacturing in China [6]. - Current observations indicate that domestic demand in Japan remains cautious, while overseas investors show higher interest, highlighting the need for effective information dissemination and market promotion to attract more participants [6].
“上海天然橡胶期货”合约在大阪证券交易所上市
Zhong Guo Xin Wen Wang· 2025-05-26 14:57
Core Insights - The launch of the "Shanghai Natural Rubber Futures" contract on the Osaka Securities Exchange marks a significant milestone in the cooperation between Chinese and Japanese capital markets, facilitating the global service of "Chinese pricing" [1][2] - The contract is designed to use the settlement price of the Shanghai Futures Exchange's natural rubber futures in RMB as the cash settlement benchmark, multiplied by 100 yen, providing a transparent pricing mechanism for global industry participants [1] - This collaboration is seen as a practical measure for the high-level opening of China's futures market, enhancing risk management options for global rubber industry players [1][2] Group 1 - The "Shanghai Natural Rubber Futures" contract is linked to the Shanghai Futures Exchange's natural rubber futures price, allowing international market participants to reference Chinese pricing [1] - The contract aims to eliminate currency conversion and tax deductions, offering a convenient risk management tool for various trading needs, including hedging and asset allocation [1] - The CEO of the Osaka Securities Exchange highlighted the combination of Japan's diverse hedging tools with China's robust growth, broadening hedging channels for both Japanese and global investors [2] Group 2 - The Shanghai Futures Exchange plans to continue strengthening cooperation with international institutions and expanding its pathways for opening up, aiming to connect more products with global markets [2] - The listing of the "Shanghai rubber" price in Japan represents a breakthrough in the internationalization of Chinese futures standards [2] - The initiative is expected to inject new vitality into the rubber industry in both countries and globally [2]
大阪交易所将于下周一推出上海天然橡胶期货合约
Qi Huo Ri Bao Wang· 2025-05-23 01:11
Core Viewpoint - The Osaka Exchange (OSE) will launch Shanghai natural rubber futures contracts on May 26, 2025, providing a new hedging tool for global participants and enhancing market collaboration [1][2] Group 1: Contract Specifications - The new contract will be based on the Shanghai Futures Exchange's natural rubber futures prices, denominated in Japanese yen, and will utilize a cash settlement model [1] - The contract will target the most active trading months of January, May, and September from the Shanghai Futures Exchange [1] - Trading hours will be from 9:00 to 15:45 and 17:00 to 19:00 Tokyo time, with the day session starting one hour earlier and the night session five hours earlier than the Shanghai Futures Exchange [1] - The contract unit will be measured in index points rather than tons, with a minimum price fluctuation of 5 points and a contract value calculated as contract points multiplied by 100 yen [1] - The price limit will be set at ±10%, higher than the Shanghai Futures Exchange's ±6% limit [1] Group 2: Market Strategy and Support - OSE aims to provide an effective hedging tool for participants managing rubber price volatility, particularly those holding rubber inventory in China or trading rubber-related products in RMB [2] - To ensure successful listing, OSE is focusing on market access and liquidity, with several major brokers and market makers already prepared to support the new contract [2] - At least seven market makers have registered to provide continuous buy and sell quotes to facilitate smooth trading [2] - OSE will waive trading and clearing fees for the Shanghai natural rubber futures contract until the end of December 2025 to attract more investors [2] - OSE expresses the expectation that the new contract will inject innovative tools into the global rubber market, enhancing supply chain resilience and promoting industry growth [2]