Guangzhou will build commodity futures delivery center

2021-11-03

Innovate the futures product system and create the "Guangzhou price" of the futures industry; Cultivate and establish futures companies and gather a number of futures market subjects; Build Guangzhou Commodity Futures Delivery Center and risk management center based on futures market; Strengthen policy support for the futures market and build a futures industry cluster... On November 2, the work plan on promoting the high-quality development of the futures market and building a risk management center (hereinafter referred to as the plan) was deliberated and adopted at the executive meeting of Guangzhou municipal government. The reporter learned from Guangzhou local financial supervision and administration bureau that in order to seize the landing opportunity of Guangzhou futures exchange, Guangzhou studied and formulated the plan, gave full play to the functional role of Guangzhou futures exchange through a series of measures, actively created a good ecological environment for the futures market, improved the Guangzhou futures industry chain, and promoted the development of futures, spot The coordinated development of futures, other real industries and financial industry will build the futures industry into an advantageous industry for the key development of Guangzhou's financial industry in the 14th five year plan. Create "Guangzhou price" in futures industry The plan clearly provides various support policies such as funds to fully support the development of Guangzhou futures exchange. One belt, one road, is to accelerate the construction, perfect the financial talent mechanism, introduce high-end talents and build a safe and efficient technology system. We will rely on the resource advantages and industrial advantages of the bay area to closely link the theme of green development, the construction of the bay area of Guangdong, Hongkong and Macau and the "one belt and one road" initiative. Gradually form a series and diversified innovative product system, create the "Guangzhou price" of the futures industry, deepen foreign exchanges and cooperation, and strive to build Guangzhou futures exchange into a world-class futures trading infrastructure. According to the plan, Guangzhou will give full play to the leading role of Guangzhou futures exchange, gather a number of high-quality futures operating institutions and risk management institutions, attract a number of high-end futures talents to Guangzhou for development, actively create a good ecological environment for the futures market, vigorously develop financial technology and related industries to serve the futures market, and promote the development of futures, spot and futures Futures will develop in coordination with other real industries and financial industries, deepen financial exchanges and cooperation among Guangzhou, Shenzhen, Hong Kong and Macao, build a risk management center based in Guangzhou, radiating the bay area and facing the whole country, and help build an international financial hub in Guangdong, Hong Kong and Macao Bay area. According to the plan, Guangzhou will take multiple measures to cultivate and gather a number of futures market entities, including cultivating and establishing futures companies, supporting the development and growth of futures companies in Guangzhou, supporting participants in the futures market to optimize products and businesses, promoting banks and insurance institutions to actively participate in the futures market, promoting fund companies to actively participate in the futures market and developing intermediaries in the futures market, Support the development of futures related information technology industry and optimize futures related data services. How to rely on Guangzhou's core engine function in Guangdong, Hong Kong and Macao Bay area to cultivate and establish futures companies is the focus of the plan. According to the plan, it is necessary to explore the establishment of cross-border joint venture and wholly-owned futures operating institutions, and encourage financial institutions in Guangzhou to cooperate with financial institutions in Hong Kong and Macao to establish joint venture financial groups or futures companies. Support futures companies to set up risk management subsidiaries and related institutions in Guangzhou. Build a risk management center based on futures market How to build a risk management center based on futures market is a topic of concern for enterprises. The plan encourages enterprises to use derivatives tools to strengthen risk management, give full play to the advantages of Guangzhou's long industrial chain, many upstream and downstream enterprises and developed commodity trading, support upstream and downstream entity enterprises in the industrial chain to make full use of futures, options and other tools to hedge risks, and improve the risk prevention ability of the industrial chain and supply chain to deal with price fluctuations through futures and cash linkage. At the same time, the plan proposes to build Guangzhou Commodity Futures Delivery Center, guide entity enterprises to build commodity futures delivery warehouse and extend the futures industry chain; Encourage and support qualified spot enterprises in Guangzhou to apply for the establishment of bonded delivery warehouses with major commodity futures exchanges across the country; Encourage global suppliers and wholesalers to participate in the market transactions of the delivery warehouse, and cultivate commodity dealers with combined operation of futures and cash. Support the development of warehousing and logistics industries related to futures delivery. In addition, Guangzhou will focus on the varieties listed on the Guangzhou futures exchange, gather relevant upstream and downstream enterprises and surrounding service providers, drive commodity import and export, and build a commodity industry cluster. Build a futures industry cluster in Nansha The plan proposes to build a futures industry cluster in Nansha District and build a futures industry park integrating business office, data processing, disaster backup, product development, technological innovation and conference training. With Guangzhou futures exchange as the core, introduce various futures, fund companies and intermediaries, attract financial institutions related to futures trading and asset allocation, and build a high-quality carrier of risk management. In order to create a good ecological environment for the futures market, Guangzhou will set up a futures market think tank, hold high-end futures forums and conferences, carry out futures education and training, and strengthen investor education in the futures field. (outlook new era)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:southcn.com

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