90 varieties of futures and options in China
Reporter Qiu Haifeng
The 16th China (Shenzhen) International Futures Conference hosted by China Futures Association and Shenzhen Futures Association was held in Shenzhen on December 19.
The reporter learned from the conference that as of the end of November 2020, there are 90 varieties of futures and options in China, including 6 international varieties, which provide effective hedging tools for the majority of entities.
According to reports, since the beginning of this year, the futures market has accelerated the listing of new products, and a total of 12 new products have been listed throughout the year.
Especially after the listing of liquefied petroleum gas and low-sulfur fuel oil this year, the construction of the domestic energy futures market system represented by oil, coal and gas has made significant progress.
At the same time, continue to optimize the trading system and fully promote the market-making mechanism.
32 futures and options market-making products were newly added throughout the year. The total number of futures and options products that have implemented the market-making system has reached 65. The liquidity of market-making products and the continuity of active contracts have been significantly improved.
The data released by the conference that day also showed that more entities and investment institutions are participating in futures market transactions.
As of the end of November 2020, the number of institutional customers in the entire market reached 57,400, and institutional holdings and transaction volume accounted for 55.59% and 37.4% of the entire market, respectively, representing a year-on-year increase of 38% and 98.6%. Compared with 2015, an increase of 2.01 times and 2.49 times.
The participation of foreign investors has steadily increased, and the pricing influence of my country's important commodities has increased.
Iron ore futures has about 270 overseas customers in 21 countries and regions, including Anglo American, Glencore, Tuoke and other large international companies. It has developed into the world’s largest trading volume and the only one that uses a single physical delivery. Ore derivatives.
PTA (purified terephthalic acid), as the first chemical product introduced to overseas traders in my country's futures market, has become the price vane of the global polyester industry.
Natural rubber and No. 20 rubber futures complement each other and have become the world's most important natural rubber futures market.
In the first 10 months of 2020, the average daily transaction volume of foreign customers in Shanghai crude oil futures accounted for nearly 18%, and the average daily position held nearly 25%.
This year marks the 30th anniversary of the establishment of the futures market and the 20th anniversary of the establishment of the China Futures Association.
Hong Lei, chairman of the China Futures Association, said that the 30th anniversary of the establishment of the Chinese futures market has achieved considerable development, with an increasingly enriched product system, continuous growth in market size, steady improvement in operational quality, and gradual enhancement of functions.
The futures market will play an increasingly important role based on the new development stage.
This conference adopts a combination of online and offline methods, divided into four categories: building a new development pattern and futures industry reform and development, commodity derivatives investment and wealth management, risk management and futures company transformation and development, and financial technology and futures industry integrated development. The sub-forums covered a number of important topics related to the development of my country's futures market, and attracted 185,100 people from home and abroad to watch the live broadcast of the conference.