The recent announcement by the China Financial Futures Exchange regarding the implementation of strategic plans for the advancement of the futures market highlights the Chinese government's efforts to foster a world-class futures trading environment. Emphasizing its commitment to the "Opinions on Strengthening Regulatory Oversight and Promoting the High-Quality Development of the Futures Market" issued by the State Council, the exchange outlines a comprehensive strategy to elevate its status on the global stage.
During the 19th China (Shenzhen) International Futures Conference, key insights were shared on the essential pillars that will drive the exchange's development. One crucial aspect is the focus on service. The exchange aims to provide premier services by aligning with national strategies and addressing the needs of the real economy. It is emphasized that the role of futures in risk management is pivotal, as was evidenced during past market turmoils where futures enabled stabilization and enhanced investment confidence.
Innovation stands as another cornerstone. The exchange is making strides in product innovation to support sectors such as technology and sustainable finance. By integrating products like ultra-long term government bonds into its trading mix, and optimizing trading mechanisms, it seeks to enhance market efficiency and reduce transactional costs. These measures are aimed at broadening the scope of risk management tools available to market participants.
Equally important is the focus on cautious progression. With a strategic approach of "stability within advancement," the exchange ensures that its initiatives are implemented prudently, reinforcing market resilience. Throughout the recent fluctuations in equities and bond markets, it has maintained a robust framework, advocating for a cautious advancement methodology to secure gains while safeguarding stability.
The exchange is resolute in its mission to contribute substantially to the modernization of China's financial landscape. This commitment to continuous improvement and reform embodies the ethos of relentless striving, fueling its aspiration to become a leading global exchange. By maintaining a focus on diligent execution and forward-thinking strategies, it aims to reinforce its influence and effectiveness in underpinning the nation’s financial ambitions.