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On July 6, options for polypropylene, polyvinyl chloride and linear low-density polyethylene were listed on the Dalian Commodity Exchange (hereinafter referred to as "Dalian Commodity Exchange") at the same time.
For the first time in China, three options products were simultaneously listed on a futures exchange
.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said in his speech that speeding up the listing of options products is a specific measure by the China Securities Regulatory Commission to thoroughly implement the requirements of the CPC Central Committee and the State Council on accelerating the development of the capital market and to serve the work of "six stability" and "six guarantees"
.
He pointed out that the experience this year has once again proved that the futures derivatives market is an indispensable and important part of China's socialist market economic system
.
Jin Guowei, Deputy Mayor of Dalian City, pointed out in his speech that DCE has accelerated the pace of innovation in petrochemical derivatives for some time.
It has listed 6 petrochemical futures varieties and 4 options varieties, and launched commodity swaps, basis trading, standard Combining business with futures and current business such as warehouse receipt trading, it has achieved full coverage of the upstream, midstream and downstream of petroleum refining, chemical raw materials, and synthetic resins.
It has basically formed a pattern of futures options, on-site and off-site synergies to promote the development of the petrochemical industry, and has effectively supported and served petrochemicals.
The high-quality development of the industry has formed a good interaction with the construction of Dalian's national petrochemical industry base
.
He said that since the beginning of this year, affected by many unfavorable factors, the price volatility of chemical raw materials and downstream products has increased, and the stable operation of enterprises has faced severe challenges.
The need to use the derivatives market to strengthen risk management is more urgent
.
Fu Xiangsheng, Vice President of China Petroleum and Chemical Industry Federation, and Zhang Peichao, Deputy Secretary General of China Chlor-Alkali Industry Association sent video speeches
.
Ran Hua, Secretary of the Party Committee and Chairman of DCE, pointed out in his speech at the listing event that the simultaneous listing of these three option products by DCE is at the right time, which will definitely play a positive role in the stable operation of the plastics and chemical industry
.
He said that DCE will bear in mind the earnest entrustment of General Secretary Xi Jinping, under the care and guidance of the China Securities Regulatory Commission, with the help of China Petrochemical Federation, China Chlor-Alkali Industry Association and other industry associations, in Liaoning Province and Dalian City Under the care and support, with the active participation of member units, industrial enterprises, financial institutions and other market parties, we will insist on facing the real economy and the international market, paying more attention to the quality of market operation, product tool innovation, industrial enterprise services, and more.
Focus on the cultivation of technological competitiveness
.
It is understood that options, like futures, are important basic derivatives in mature international markets and play an irreplaceable role in helping industrial enterprises find prices and mitigate risks
.
In the critical period when the economic and social operation order is speeding up to return to normal, the domestic and foreign markets fluctuate greatly.
The simultaneous listing of the three chemical options has been highly recognized by the relevant industry associations, and industry enterprises are encouraged to understand and master the application of derivatives.
Industry and finance are opposed to each other.
And go
.
The listing was carried out in the form of "on-site + online" cloud listing, which has attracted great attention from industrial enterprises and market parties.
As of noon on the day, a total of 522,000 people watched the listing activity through the "cloud"
.
Luo Hongsheng, director of the Futures Supervision Department of the China Securities Regulatory Commission, read out the approval documents.
Xi Zhiyong, deputy secretary of the Party Committee and general manager of DCE, presided over the listing ceremony on the day.
And linear low-density polyethylene options sounded the gong to open
.
