China News Service, Qingdao, July 24th (Reporter Xia Bin) Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the "2021 Qingdao China Fortune Forum" in Qingdao on the 24th that the attractiveness of asset allocation in China's futures market continues to increase, and the interests of customers Steady growth has now reached 1.09 trillion yuan, doubling from the beginning of last year.
Fang Xinghai pointed out that the futures market, as an important part of the modern economy, plays an important role in serving the research and judgment of the macroeconomic situation, industrial development and residents' wealth management needs.
After years of hard work, China has now listed 93 futures and options products. The product system covers important areas of the national economy such as agricultural products, energy, chemicals, and finance. The operation quality of the futures market has been significantly improved. Futures prices and other futures market signals contain a wealth of Advanced macro, industry and market information.
Fang Xinghai said that from a global perspective, the futures market is an important investment place for global asset allocation and wealth management, which has broadened residents' investment channels and property income sources.
The Chinese futures market provides an important channel for the value preservation and appreciation of medium and long-term funds such as public funds, corporate annuities, and insurance funds.
More and more institutional investors and medium- and long-term funds have begun to flexibly use financial derivatives such as stock index futures to hedge risks, obtain returns, and achieve sustainable development.
He cited, for example, that in July this year, the holdings of Chinese public funds, corporate annuities, and insurance funds in the stock index futures market have doubled, 1.5 times, and 2.6 times, respectively, compared with the beginning of 2020. The futures market has grown steadily and soundly in residential assets. Contributed positive forces to the hierarchical and multi-pillar old-age security system.
Fang Xinghai also pointed out that at present, the wealth of Chinese residents is mainly allocated in real assets and other physical assets, and the proportion of securities assets is very low.
At present and for a period of time in the future, the futures market still has much room to do in serving Chinese residents' asset allocation and wealth management.