the administration of futures trading

the twelve NPC Standing Committee has included two kinds of legislative plan futures act. In the many discussions of how Futures Legislation, according to the futures market regulation has become one of the most popular issues. It not only relates to the investor and futures management agency's vital interests, but also relates to the futures market degree of the market and the government regulatory boundary.

State Council in 1999 formulated the "Provisional Regulations on the administration of futures trading". Prior to this, China has to allow individual futures varieties listed, allowing investors to engage in futures trading. However, due to the lack of market rules necessary, investors and futures institutions lack experience in futures trading, the futures market will soon start the "327" national debt futures storm and the Hainan palm oil futures manipulation and other major events. In order to regulate the futures market, the state successively in 1993 and 1998 were the futures market rectification. In this context, the "Provisional Regulations" futures trading opened China's Futures Legislation's door, but the clean up and rectify the market, futures speculation, strict constraint market transactions become the general tone of the provisional regulations. In 2007 the State Council promulgated "Regulations" the administration of futures trading, and make a big change in 2012, but did not change the administrative regulations of the tone.

with the implementation of strict internal management, external crack down on policy, the futures market abnormal events occurred significantly reduced, the transaction security has improved significantly, but the transaction scale did not significantly improve. The futures market has price discovery and risk management functions. Market participants are more, the greater Cheap Falcons Jerseys the volume, the more accurate the market price. Only to expand the scale of the futures market, in order Cheap Redskins Jerseys to effectively realize the function of price discovery; only give full play to the role of price Cheap Packers Jerseys discovery function of the futures market, futures investors can become the real economy and risk management tools. In the future legislation, supervision of futures market should further respect the operation rules of the futures market, the futures market service objectives of striding cheap Jets Jerseys development, to make new efforts in the innovation of supervision etc..

Development of

clear the futures market. At present, the main commodities and to the international mainstream currency as the benchmark of financial futures, almost all have been incorporated into the trading varieties of overseas futures markets. China is one of the world's largest consumer and producer, in commodity and financial futures pricing has no right to speak. Only by continuously promoting the development of the futures market futures market, expand open to the outside world, to attract more foreign investors to engage in futures trading in China, to the progressive realization of commodity pricing power to the China transfer, finally realize the futures market power entity economy development goals. Among them, you must control the renminbi and the related financial products in the international pricing power. RMB currency market within the territory of China has become the offshore RMB market shadow market, foreign derivatives market by its derivatives of RMB pricing. China's RMB currency market whether participating institutions or trading volume is very small, unable to grasp the local currency pricing power. To change this situation, the development of the RMB interest rate and foreign exchange derivatives market is Cheap Rams Jerseys of great significance. As the RMB to the world, more and more necessary to the development of the futures market for the yuan, and related financial products pricing. >