Yang Maijun, general manager of Shanghai Futures Exchange: Steady launch of oil futures

In the second "Lujiazui Financial Forum" held in Saturday, Yang Maijun, general manager of Shanghai Futures Exchange, said that China's futures market needed variety innovation and that future commodity futures such as crude oil and refined oil should be continuously introduced. 　　Yang Maijun also said he personally strongly support the introduction of stock index futures. "As we saw last year, the price of non-ferrous metals fell sharply in the wake of the financial turmoil, more than 50%, and steel prices fell by about 30%," he said. However, due to the existence of futures market in the non-ferrous industry, many enterprises can use the futures market to improve their operation and hedge their operating risks. "" This contrast is more obvious, we can see at the end of the year, the color industry's profit decline is significantly smaller than the steel industry. Yang Maijun said that after this round of financial turmoil, we can see more clearly that we must learn to use the futures market prudently Yang Maijun pointed out that it is on this basis, the State Council "financial 30" explicitly called for the introduction of steel futures and other commodities futures. "Shanghai Futures Exchange has successfully run the steel futures, we will steadily develop this city often the situation in China is that many large varieties of the relationship between the people's livelihood have begun trading, but there are some not traded. For example, crude oil and refined oil, which is very important to the national economy, and of course, our financial derivatives and financial futures, is also very important. Yang Maijun said that as an individual, firmly support the introduction of stock index futures.