The draft futures law was submitted to the 28th meeting of the 13th National People's Congress for the first time on the 26th.
This is the first time that my country has specifically legislated to regulate and promote the healthy development of the futures market.
Although the futures market is a "niche" market, its scale and influence are not small.
my country's total commodity futures trading volume has ranked first in the world for 11 consecutive years. my country has developed into the world's largest futures market for agricultural products, non-ferrous metals, coke, thermal coal and ferrous building materials.
The formulation and promulgation of a special futures law to standardize and promote futures trading and better use the functions of the futures market is of great significance for activating commodity circulation, promoting industrial upgrading, and promoting high-quality economic development.
(Reporter Liu Kaixiong)