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].

我国期货市场开放再迎新动作。近日，中国证监会公告称，根据《境外交易者和境外经纪机构从事境内 特定品种期货交易管理暂行办法》的有关规定，新增确定14个期货期权品种为境内特定品种。 在化工领域，我国拥有全球最完整的聚酯产业链。此次新增的境内特定品种涵盖了郑商所对二甲苯(PX) 期货、瓶片期货、短纤期货、精对苯二甲酸(PTA)期权等聚酯产业链核心品种的期货及期权。 具体包括：上海期货交易所(以下简称"上期所")镍期货、镍期权；郑州商品交易所(以下简称"郑商所") 对二甲苯期货、瓶片期货、短纤期货、精对苯二甲酸期权、对二甲苯期权、瓶片期权、短纤期权；广州 期货交易所(以下简称"广期所")碳酸锂期货、碳酸锂期权；上海国际能源交易中心(以下简称"上期能 源")20号胶期权、低硫燃料油期权、国际铜期权。 这意味着，又有14个期货期权品种允许境外交易者和境外经纪机构参与交易。至此，境内特定品种数量 增至38个。 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。 完善全球镍产业价格发现机制 此次开放品种高度聚焦于 ...

1月27日，对二甲苯期货盘面表现偏弱，截至发稿主力合约报7242.0元/吨，大幅下跌3.21%。 【消息面汇总】 中国证监会发布通知称，根据《境外交易者和境外经纪机构从事境内特定品种期货交易管理暂行办法》 (证监会令第116号)有关规定，确定郑州商品交易所对二甲苯(PX)期货、瓶片期货、短纤期货、精对苯 二甲酸期权、对二甲苯(PX)期权、瓶片期权、短纤期权为境内特定品种。 进口方面，1月中上旬韩国PX出口中国21.5万吨，同比下降6.8万吨。 机构观点 瑞达期货（002961）：明年PX供需格局预期偏强，短期PX价格预计跟随原油价格波动，主力合约上方 关注7700附近压力，下方关注7300附近支撑。 西南期货：短期PXN价差和短流程利润持稳，PX开工下滑，市场情绪和成本端原油或存支撑，短期PX 或震荡调整为主，考虑逢低区间参与，警惕外盘原油波动风险，关注宏观政策和基本面变化。 本周中国PX开工率89.0%(环比上周-0.4%)，亚洲PX开工率81.0%(环比上周+0.2%)。 ...

根据公告，此次修订主要包括三方面：一是修订对二甲苯、瓶片、短纤品种业务细则，将境外经纪机构 纳入规则适用范围。二是修订瓶片、短纤合约文本及业务细则，增加出口型车（船）板交割方式及具体 规定。三是修订《郑州商品交易所期货交割管理办法》，明确境外交易者分配到适用出口型车（船）板 交割境内特定品种的完税标准仓单的处置方式。 本报讯（记者 韩乐）1月26日，郑商所发布公告称，为满足对二甲苯、瓶片、短纤期货及期权，精对苯 二甲酸期权引入境外交易者相关业务需求，拟对相关业务规则进行修订，向社会公开征求意见。 ...

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 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has added 14 futures and options products for foreign traders to participate in domestic trading, enhancing market accessibility and diversity [1] Group 1: New Products Introduced - The newly added products include nickel futures and options from the Shanghai Futures Exchange [1] - The Zhengzhou Commodity Exchange will offer futures and options for paraxylene, bottle flakes, short fibers, and purified terephthalic acid [1] - The Guangzhou Futures Exchange will introduce lithium carbonate futures and options [1] - The Shanghai International Energy Exchange will provide options for No. 20 rubber, low-sulfur fuel oil, and international copper [1] Group 2: Regulatory Oversight - The CSRC will supervise relevant futures exchanges to ensure proper preparations for the smooth introduction of these products for foreign traders [1]

Core Viewpoint - The acceleration of China's futures market opening to foreign investors is highlighted, with the introduction of 14 specific futures and options products for foreign trading participation [1][3]. Group 1: Regulatory Developments - The China Securities Regulatory Commission (CSRC) announced the addition of 14 futures and options products as specific varieties for foreign traders [1]. - The approved products include nickel futures and options from the Shanghai Futures Exchange, various products from the Zhengzhou Commodity Exchange, and lithium carbonate futures and options from the Guangzhou Futures Exchange [1]. Group 2: Market Functionality and Historical Context - Nickel futures have been effectively functioning since their launch in 2015, demonstrating a close linkage between spot and futures prices [1]. - The Zhengzhou Commodity Exchange's PTA futures, introduced in 2018, have also shown stable market operation and functionality since the inclusion of foreign traders [2]. Group 3: Internationalization Efforts - Domestic futures markets are steadily advancing their internationalization, with exchanges optimizing business rules and expanding product offerings to attract both domestic and foreign participants [3]. - As of the end of 2025, at least 104 futures and options products will be available for qualified foreign investors, covering key sectors such as energy, chemicals, and agricultural products [3]. Group 4: Future Outlook - The increasing inclusion of products for foreign trading is expected to enhance the convenience for foreign investors in participating in China's futures market, allowing them to share in the opportunities of China's innovative development [3]. - The steady progress of institutional opening is leading to a higher participation rate of foreign investors, with a growing proportion of positions held by them [3].

Core Viewpoint - The article discusses the accelerated opening of China's futures market to foreign investors, highlighting the recent approval of 14 specific futures and options products for foreign participation by the China Securities Regulatory Commission (CSRC) [3]. Group 1: Regulatory Developments - On January 23, the CSRC announced the addition of 14 futures and options products for foreign traders, including nickel futures and options from the Shanghai Futures Exchange, various products from the Zhengzhou Commodity Exchange, and lithium carbonate futures and options from the Guangzhou Futures Exchange [3]. - The CSRC will oversee the preparations for these products to ensure a smooth introduction for foreign traders [3]. Group 2: Market Functionality and Historical Context - Nickel futures, launched in 2015, have effectively fulfilled their market functions, demonstrating a close linkage between spot and futures prices [3]. - The Zhengzhou Commodity Exchange's PTA futures, introduced in 2018, have also shown stable market operation since allowing foreign participation [4]. Group 3: Internationalization Efforts - The domestic futures market has been steadily advancing its internationalization, with exchanges optimizing business rules and expanding product offerings to attract both domestic and foreign participants [5]. - As of the end of 2025, at least 104 futures and options products will be available for qualified foreign investors, covering key sectors such as energy, chemicals, and agriculture [5]. - Increased foreign participation is expected to enhance the functionality of the futures market and allow foreign investors to share in China's innovative development opportunities [5].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced the addition of 14 specific futures and options products for foreign traders to participate in domestic trading, aiming to enhance market accessibility and liquidity [1] Group 1: New Products Introduced - The newly added products include nickel futures and options from the Shanghai Futures Exchange [1] - The Zhengzhou Commodity Exchange will introduce futures and options for paraxylene, bottle flakes, short fibers, purified terephthalic acid, and their respective options [1] - The Guangzhou Futures Exchange will offer lithium carbonate futures and options [1] - The Shanghai International Energy Exchange will include options for No. 20 rubber, low-sulfur fuel oil, and international copper [1] Group 2: Regulatory Oversight - The CSRC will supervise relevant futures exchanges to ensure proper preparations are made for the smooth introduction of these products for foreign traders [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced the addition of 14 specific futures and options products for foreign traders to participate in domestic trading, aiming to enhance market accessibility and liquidity [1] Group 1: New Products Introduced - The newly added products include nickel futures and options from the Shanghai Futures Exchange [1] - The Zhengzhou Commodity Exchange will introduce futures and options for paraxylene, bottle-grade PET, short fiber, and purified terephthalic acid [1] - The Guangzhou Futures Exchange will offer lithium carbonate futures and options [1] - The Shanghai International Energy Exchange will include options for No. 20 rubber, low-sulfur fuel oil, and international copper [1] Group 2: Regulatory Oversight - The CSRC will supervise the relevant futures exchanges to ensure proper preparations are made for the smooth introduction of these products for foreign traders [1]