Second, there are more than 40 commodity futures in China, and crude oil futures will be further expanded after listing. At present, China's global pricing power in international commodities such as agricultural products, industrial products and soft commodities is not what it used to be. However, due to the long-term lack of crude oil futures in China futures market, it is equivalent to voluntarily giving up the right to compete for crude oil pricing, which is totally out of proportion to China's status as the world's second largest economy and its international commodities.