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2023/09/08 Las Vegas Chinese News Network
The 2023 China (Zhengzhou) International Futures Forum (referred to as Zhengzhou Futures Forum) held a sub-forum on "Opening to the Outside World" in the afternoon on the 7th. The Futures market participants who attended the meeting said that China's futures market has been steadily moving towards high-level opening up, and "China’s prices" are attracting more and more attention.
Since the Zhengzhou Futures Forum was held in 2016, the "Opening up to the Outside World" sub-forum has become a business platform for its domestic and foreign futures and the derivatives industries to discuss the world derivatives market situation, cross-border cooperation, and risk management experience.
During this year’s sub-forum, Jia Xiaolong, general manager of Nanhua Futures, said that China's futures market has gradually entered a critical stage of transforming from quantitative growth to quality improvement. "As Chinese businesses are gradually moving overseas, further expansion and opening up is the path it has to take in order to increase the core competencies of China's futures market and its international influence.”
In recent years, China's futures market has steadily been opened up to a higher level. At present, there are 24 varieties that have gradually been opened up to the outside world. 46 commodity futures, options and stock index options are open for trading for QFII (Qualified Foreign Institutional Investors) and RQFII (Renminbi Qualified Foreign Institutional Investors).
Jia Xiaolong said that this not only brought more and more attention to "China’s Prices" around the world, but also provided global traders with more investment and risk management tools.
In May this year, Morgan Stanley was approved to establish a new futures company in Beijing. Experts attending the meeting said that the participation of more overseas traders and institutions will not only enhance the international authority of China's futures prices, but also deepen cooperation and exchanges between its domestic and foreign markets.
Zhu Bin, chief economist of Nanhua Futures, told reporters that a solid institutional framework is an effective protection for overseas traders to participate in China's futures market. "The development of China’s domestic derivatives market has become better and better. It can attract more overseas investors to enter China’s market for risk management, which allows overseas investors to get more tied up to China’s domestic derivatives market. It is a good cornerstone for China's opening up." (Reporter/Kan Li)
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