China will strive to improve the market pricing power of bulk commodities
In addition, market supply should be increased. Give full play to the advantages of the futures market and help build a national carbon emissions trading market. Steadily promote the development and listing of new commodity futures and financial futures. Combining with the large-scale characteristics of China's domestic market, we will actively study the listing of specialty agricultural product futures to promote rural revitalization. Steadily expand, attach importance to the role of option products in risk management, and launch more option products. The futures market should seize the current opportunity to increase services for downstream enterprises and small and medium-sized enterprises, encourage more industrial enterprises such as state-owned enterprises, central enterprises, and listed companies to participate, so as to achieve a joint improvement in the operation quality of the futures market and the effect of industrial customer risk management. Various measures have been taken to attract institutional investors and continue to optimize the market structure. Increase the supply of systems, steadily promote the combined margin business, and establish an inter-exchange settlement risk isolation mechanism. Further solve the problem of continuous activeness of key varieties of contracts, and reduce the barriers to participation of physical enterprises.
Finally, we should continue to expand the scope of specific open products, broaden the open model, and adopt more bonded delivery and cash delivery models to facilitate the participation of international investors. Pay more attention to the in-depth connection between institutional rules and the international market, further promote the institutional opening of the futures market, and at the same time strengthen cross-border supervision and law enforcement cooperation with overseas regulatory agencies. Increase the pricing influence of China's bulk commodity market in the process of opening up, and focus on making breakthroughs in the Asian time zone in soybeans, palm oil, PTA, crude oil and other varieties. . To ensure that the market is stable and orderly. Stability and order is the basis for the effective functioning of the futures market. In recent years, we have implemented joint supervision of the futures and spot markets to prevent excessive speculation and strictly guard against price manipulations, and maintain the authenticity and fairness of futures prices. The futures market has maintained a stable, active, and orderly good posture to manage risks for enterprises. Provide tools to provide references for national macroeconomic management. We must maintain such a good situation.