China News Service, October 20. According to news from the China Securities Regulatory Commission’s website on the 20th, a spokesperson for the China Securities Regulatory Commission said in response to a reporter’s question that since the beginning of this year, due to the superimposed effects of tight supply and strong demand, the current prices of major commodities such as thermal coal have been Synchronous rise, in order to further serve to ensure the supply and price stability of bulk commodities and strengthen the supervision of the futures market, the China Securities Regulatory Commission will take proactive measures and take multiple measures to guide the exchanges to increase the handling fee standard, tighten the transaction limit, and study and implement the expansion of the scope of delivery products. A number of measures have resolutely curbed excessive speculation and put an end to malicious speculation by capital.
A reporter asked: As the securities and futures regulatory agency, what measures will the China Securities Regulatory Commission have in response to the excessively rapid rise in thermal coal prices?
In this regard, the CSRC spokesperson said that since the beginning of this year, due to the superimposed effects of tight supply and strong demand, the future prices of major commodities such as thermal coal have risen simultaneously. The CSRC has resolutely implemented the decision and deployment requirements of the Party Central Committee and the State Council. Services are subject to national macro-control, to ensure supply and price stabilization, and support enterprise risk management. The exchange has introduced a series of risk prevention and control measures, which have achieved good results.
In order to further serve to ensure the supply and stability of bulk commodities and strengthen the supervision of the futures market, the China Securities Regulatory Commission will take proactive measures and take multiple measures to guide the exchanges to take measures such as raising the fee standard, tightening the trading limit, and studying and implementing various measures such as expanding the scope of delivery products. , Resolutely curb excessive speculation and put an end to malicious capital speculation.
At the same time, maintain a high-pressure posture of zero tolerance for violations of laws and regulations in the futures market, increase crackdowns on violations such as manipulation, and maintain a good market order.
Encourage and support listed companies to focus on their main business, strengthen internal control, make good use of the hedging function of the futures market to promote stable operations, perform information disclosure obligations in accordance with laws and regulations, and strictly regulate the management and use of raised funds.
In the next step, the China Securities Regulatory Commission will continue to cooperate with the macro management department to do a good job in the joint supervision of futures and currents, organize and strengthen the interpretation and guidance of relevant policies and measures in a targeted manner, stabilize market expectations, and jointly maintain the smooth operation of the futures spot market.
Screenshot of the SFC website