中国期货市场的发展历程可分为初创和清理整顿、规范发展和监管完善、质的提升和能力增强三个阶段。党的十八大以来,中国期货市场成绩显著,服务实体经济能力进一步显现,风险管控能力持续增强。2018年,中国期货市场深入贯彻落实党中央、国务院系列重大决策部署,在多个方面实现了跨越式发展。市场品种体系不断丰富,期货期权产品总数由2017年底56个增至61个。铜期货期权上市,填补了中国工业品期货期权的空白;2年期国债期货上市,助推中国形成更加完整的国债收益率曲线;中国期货市场对外开放取得一系列突破成果,首个国际化品种原油期货成功上市,铁矿石期货和PTA期货引入境外交易者;场外衍生品市场快速发展,“保险+期货”试点稳步推进。下一步,中国期货市场将重点推进以下几方面工作。一是加快市场培育,推动业务模式创新,促进期现货市场更好衔接。二是继续丰富期货、期权上市品种,完善现有交易交割制度。三是持续优化和完善市场参与者结构,提高各类机构投资者占比。四是加快推进期货市场对外开放,提升国内期货市场的国际影响力。五是推动期货立法,提高科技监管水平,持续强化市场监管,确保市场平稳有序健康发展。
<<The development of China’s futures market can be divided into three stages:initiation and consolidation,standardized development and regulatory improvement,quality improvement and capacity enhancement. Since 18th CPC National Congress,China’s futures market has made remarkable achievements,demonstrated its ability to serve the real economy,and enhanced the ability of risk management. In 2018,China’s futures market implemented comprehensively the decisions and arrangements of CPC Central Committee and the State Council,and achieved leapfrog development in many aspects. China’s futures market has enriched continuously,and the quantities of futures and options has increased from 56 to 61 at the end of 2017. The listing of copper options fills the gap of China’s industrial futures and options market. The listing of 2-year Treasury Bond futures promotes China to form a more complete yield curve of treasury bonds. A series of breakthroughs have been made in the opening-up of China’s futures market,including the successful launching of China’s first international crude oil futures,the opening of iron ore futures market and PTA futures market to foreign traders,and the rapid development of the OTC derivatives market. The pilot project of “insurance + futures” has been processed steadily. For the next step,China’s futures market will focus on the following aspects:first,we will step up efforts to nurture the market,promote business model innovation,and integrate the spot and futures markets more closely. Second,we will continue to enrich the variety of futures and options listed,and improve the existing trading system. Third,we should continue to optimize and improve the structure of market participants,and increase the proportion of institutional investors. Fourth,we will accelerate the opening-up of the futures market,and enhance the international influence of China’s futures market. Fifth,we will promote legislation of the futures market,improve the level of scientific and technological supervision,continue to strengthen market supervision,and ensure the stable,orderly and healthy development of the market.
<<