A number of experts said that China's futures market ushered in the best development period

At present, China's futures market is in the best period in history from the development environment and internal running quality.　　"This is the May 16 of the Beijing Futures Association of Asia Futures Association (FIA) held in Beijing," The Third China (Beijing) Futures and Derivatives Market Forum, "the majority of experts. The promotion of steering Quality China Futures Association vice President and Secretary-General Li Qiang believes that, first from the scale, China's futures market has made unprecedented growth in recent years. Not only far beyond the highest level of their own history, and became the second largest commodity market in the world after the United States, and the gap between the latter is getting smaller; secondly, from the perspective of the quality of development, not only the legal system is becoming more and more sound, but also formed a set of international market practice and China's actual risk prevention mechanism, and obtained the effective inspection of the market; Thirdly, the existing listed varieties range, and in the price discovery and other functions in the global field played a leading role, more importantly, as the market development of the community to the futures market understanding of the changes, more and more enterprises began to take the initiative to use the futures market for risk management.　　Bank rating agencies and financial products also more consider the role of futures market, the government, academia, the news media on the futures market recognition has also been greatly improved, and actively and steadily develop futures market has become the consensus of the whole society. In 2008, the Dalian Mercantile Exchange, the Zhengzhou Mercantile Exchange and the Shanghai Futures Exchange ranked 13 or 13 and 16 of the global derivatives exchange, according to data from the Executive director Nick Ronalds of the Asia Futures Association. In the case of specific breeds, zinc, copper and aluminum futures trading in the global metal futures varieties of 第四、五、八位, agricultural futures more eye-catching performance, the largest volume of the top 10 varieties of seven from the domestic, of which white sugar, yellow soybean 1th, soybean meal futures varieties occupy the top three of agricultural futures, corn, rubber,　　Soybean oil and strong gluten wheat futures are also shortlisted for the top ten. Li Qiang believes that China's futures market is in the critical period from the expansion of quantity to the improvement of quality. According to economics, market size and structure determine its function. A market development and improvement, the first is to have a certain scale, and then to have a reasonable structure, without a certain scale to do the basis, the optimization structure can not talk about. But the scale of the lack of reasonable structure is also difficult to sustainable development. In the past three years, the growth of China's futures market has brought more participants, capital and liquidity, thus laying a good foundation for the promotion of the current market quality. Tan Yaling, senior researcher of Chinese Bank of China, executive director of the Institute of International Economic Relations, said that the reform and opening-up for more than 30 years, Chinese enterprises have created At present it is the time to use financial means to realize the value of wealth. As a place of risk management, futures market can avoid risks while preserving profits. She also reminded investors that the current internal adjustment of commodities such as gold and oil is already in place, and that the rally is likely to occur at any time. Relevant enterprises should focus on using the futures market to lock intoand earnings. Stand the test and lay the foundation of development China's Capital Markets Research Institute vice Chairman Chen Yaoxian and Beijing Futures Chamber of Commerce Secretary Su-in said that the great crisis in the context of China's futures market successfully withstood the test, as the 2008 since the industrial cluster in the most stable ship development industry most prominent industries. The futures market provides an effective market platform and risk management tool for many enterprises and some industries in China to cope with the impact of the crisis.　　The strategic position and value of futures market and futures industry have been recognized by society since last year. Sun Cairen, deputy director of Beijing Securities and Regulatory Bureau, offers the most persuasive examples: first, on the eve of the 2008 National Day holiday, a private grain and oil traders in Zhejiang province, according to their own trade volume, in the futures market to establish a corresponding selling hedging positions, the final futures market profit of 200 million yuan to make up for the spot inventory and sales losses;　　The listed company Western Mining relies on the hedging business to promote the enterprise to realize the net income nearly 500 million yuan, the Zijin mining obtains the hedging position to gain 127 million yuan, the cloud aluminum shares, the plant Metallurgy Group, the Tongling nonferrous etc. all through the hedging hedging the spot market risk, has realized the positive income.　　"The financial crisis has awakened Chinese enterprise risk management," Sun Cairen in a speech entitled "Opportunities and challenges in the post-crisis era", saying that doing homework around hedging and risk management is a key step in seizing historic opportunities and realizing the dream of a financial powerhouse. For the opportunities that the global financial crisis brings to China's futures market, Li Qiang believes that, first, the global financial crisis on the real economy shocks formed a sharp price fluctuations, so that more enterprises and investors began to participate more in the futures market, the use of futures markets for risk management investment has been from the potential demand to the real demand; The financial crisis has caused all walks of life to the market transparency is not high, the lack of supervision and other issues of high vigilance. In the crisis, the insider trading not only runs smoothly, but also plays an active role in resolving the danger. Therefore, the current atmosphere is conducive to the development of the futures market, and again, China is a prosperous and developing economic power, many goods production and sales ranked in the forefront of the world. With the rapid development of China's commodity market, the situation of the loss of China's right to speak has gradually changed, which not only makes more domestic spot enterprises realize the demand of risk management through the domestic futures market, but also has more and more influence on foreign enterprises and investors. Finally, as an important part of the futures market, the futures Company 　　Over the past three years, through a series of changes, strength enhancement, benefit growth, talent gathering, business positioning gradually clear, large-scale development is increasingly significant. Need more innovation Chen Yaoxian that the financial market itself is a risk industry, imperfect market function, not to promote reform is the biggest risk. For the long prepared stock index futures, he thought that the conditions are ripe, the opportunity should be introduced as soon as possible. For a number of enterprises overseas test water derivatives and the phenomenon, he believes that the vast majority of enterprises do not know, will not use the futures market this risk management tool; A small number of enterprises in the use of futures market risk hedging, but also a part of the understanding is not in place, the operation unscientific, the standard, in the derivative trade to eat the big loss. Solve this problem, on the one hand need to strengthen propaganda and education to gradually solve, on the other hand also need to have a strong domestic futures market and industry to provide strong service and support.　　This also reveals the urgency of speeding up the innovation and development of futures market and futures industry from one side. "Chinese enterprises are already under globalization, treat modern risk management tools, not unworthy, but to Shinma." 　　"Sun Cairen that introducing market-oriented risk management mechanism, consciously locking, hedging and managing price risk, comprehensively improving and upgrading enterprise risk management is the inevitable choice of Chinese enterprises ' risk management in crisis times." Hu Yuyue, director of the Institute of Securities and Futures at Beijing University of Commerce and Industry, believes that the retail-led investor structure is a big concern for China's continuous prosperity, and CTA is the cure for the problem. He said that futures belong to High-tech specialized investment products, the need for professional institutional investors and professional personnel through the professional means of professional management. CTA is to allow specialized institutions and specialized personnel to do the professional things. For the futures Company, CTA can provide the whole consultation, the collection of financial management and special accounts to manage three kinds of specialized services to meet the needs of different levels of customers; CTA consulting fees, asset management fees and the corresponding incentive costs can help futures companies and customers profit.　　This helps the futures company to take a virtuous development specialization road. Chen Yaoxian, vice president of China Capital Market Research Institute, gave a speech. Wang