Shanghai Securities News China Securities Network News (Reporter Song Weiping) On September 1, the 2021 China (Zhengzhou) International Forum co-sponsored by the Zhengzhou Municipal People’s Government, Zhengzhou Commodity Exchange and CME Group was successfully held online. At the opening-up forum that afternoon, Wang Yamei, deputy general manager of Zhengzhou Commodity Exchange, said in a speech that in the future, ZCE will continue to uphold the internationalization concept of openness, cooperation, unity and win-win, and strengthen the construction of regulatory capacity under open conditions. , Continue to promote the high-level institutional opening of the futures market.
Wang Yamei said that ZCE attaches great importance to international development, always integrates into the global market with an open attitude, actively matches international standards, and continuously expands domestic and foreign cooperation. ZCE has successively joined the World Federation of Exchanges, the International Futures Association and other international industry organizations, obtained the Hong Kong Automated Trading Service Provider License, and the Singapore Recognized Market Operator License, and became the first domestic company to be managed by European securities and markets. The bureau included two futures exchanges on the positive list.
In terms of the introduction of foreign traders, ZCE’s PTA futures are operating well, with a steady increase in overseas participation, and price radiation continued to increase. At present, the total number of ZCE foreign traders is nearly 400, from 19 countries and regions including the United Kingdom, Australia, New Zealand, Italy, Singapore, Hong Kong, etc., and overseas transactions account for more than 10%. More than 90% of domestic PTA manufacturers, trading companies and more than 80% of polyester companies are participating in the use of the futures market. After nearly 15 years of development and cultivation and nearly 3 years of opening to the outside world, PTA futures have not only become the domestic pricing benchmark for spot trade, but also gradually changed the traditional pricing method of international trade of upstream and downstream products, becoming an important pricing reference for international trade.
In terms of technological innovation, ZCE continued to optimize the construction of Esunny’s global routing platform. Yisheng Company, a wholly-owned subsidiary of Zhengzhou Commodity Exchange, provides technical services for futures companies by providing global market trading system software and building global routing networks; it centers on Shanghai, Hong Kong, and Zhengzhou, and branches in Singapore and Chicago. Build a global routing network, connect large-scale overseas brokers, carry the direct connection of global mainstream exchanges, and provide investors with cross-border transaction services.
Wang Yamei said that it is the inevitable choice for futures exchanges to conform to the development trend of the times and achieve high-quality development based on the new development stage, implementing new development concepts, building a new development pattern with services, and orderly advancing the process of international development. In the future, ZCE will further study and expand the scope of specific products; carry out the construction of an overseas special participant system; steadily promote the two-way opening of markets and products; make preparations for QFII participation in the commodity futures market; continue to promote the construction of Yisheng’s global routing platform ; Deepen pragmatic cooperation with overseas exchanges, through investment education propaganda, mutual visits and exchanges, cooperative research, etc., to maintain close contacts and build consensus.Return to Sohu to see more
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