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    Home > Chemicals Industry > Petrochemical News > Overweight and opening up: Shanghai's derivatives market expands to domestic and overseas linkages

    Overweight and opening up: Shanghai's derivatives market expands to domestic and overseas linkages

    • Last Update: 2021-06-05
    • Source: Internet
    • Author: User
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    Original source: Wen Wei Po

    Reporter: Tang Weijie

    The market layout has been transformed from domestic-based to domestic and foreign linkages-the 18th Shanghai Derivatives Market Forum held yesterday revealed that with the goal of enhancing Shanghai’s global resource allocation capabilities, Shanghai’s derivatives market is continuing to increase in high-level opening up.


    As an important member of the financial market system, the derivatives market undertakes important functions such as price discovery, risk management, and resource allocation, and plays a pivotal role in the construction of Shanghai's international financial center.


    At present, the trading scale of Shanghai's derivatives market is steadily increasing.


    In terms of innovative products, the launch of innovative products such as LPR-related interest rate derivatives, CSI 300 stock index options and zinc and aluminum non-ferrous metal commodity futures options have injected new vitality into the development of the Shanghai derivatives market.


    According to Jiang Yan, chairman of the Shanghai Futures Exchange, the Shanghai Futures Exchange will take the lead in opening up at a higher level and realize the transformation of the market layout from domestically based to domestic and foreign linkages, including accelerating the domestic and foreign exchanges of rules and systems, and in-depth development of overseas transactions.


    In the next step, Shanghai will focus on the construction of a national commodity warehouse receipt registration center on the market, promote the joint development of the futures market and the spot market, support the development of a number of key projects such as shipping index futures and natural gas futures by the Shanghai Futures Exchange, and make better use of the derivatives market The functions of price discovery and hedging serve the high-quality development of my country's real economy, continuously enhance global resource allocation capabilities, and enhance my country's global voice and pricing power in the field of bulk commodities.


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