Following Chongqing Agricultural and Livestock Products Exchange, China (Rongchang) Livestock Products Trading Market, the second exchange with the function of pig futures, will also open on June 5438+ 10. Chongqing Yu Hui Group, the person in charge of the project, said that the exchange mainly deals with spot live pigs, but also with live pig futures. This means that Chongqing will have two pig futures exchanges at the same time. In the eyes of the industry, the two pig exchanges exist at the same time, and the price competition between them may make Chongqing meat prices more stable. In fact, China (Rongchang) livestock products trading market has surfaced as early as 2008. In 2008, at the 4th China Animal Husbandry Science and Technology Forum and the 6th China Animal Husbandry Science and Technology New Projects, New Technologies and New Products Expo, Rongchang County Government revealed that the first phase project of "China (Rongchang) Animal Products Trading Market", the largest animal products trading market in China, invested and built by Chongqing Yu Hui Group, will be completed by the end of 2009. This project is called "the largest livestock trading market in China". According to Yu Hui Group, the trading market was built by Chongqing Rong Hui Animal Husbandry Co., Ltd., approved by the National Development and Reform Commission, the Ministry of Finance and the Ministry of Agriculture, with a total investment of 340 million yuan, including 654.38+67.8 million yuan in the first phase and 654.38+72.2 million yuan in the second phase, covering an area of 29.3.6 mu. Surprisingly, in June 5438+February, 2009, Chongqing Agricultural and Livestock Products Exchange, as the first live pig futures trading institution in Chongqing, took the lead in opening. Since then, pig futures trading has become one of the most important functions of Chongqing Futures Exchange. However, just two days ago, a research team composed of six ministries and commissions, including the People's Bank of China, the Ministry of Finance and the China Banking Regulatory Commission, went to Chongqing for investigation and exposed the exchange to the spotlight again. According to reports, China (Rongchang) livestock products trading market will be completed by the end of this year, and will be officially put into operation in June 5438+ 10 next year. More importantly, this time, six ministries and commissions of the state gave the exchange 20 million policy support. Obviously, once China (Rongchang) livestock products trading market opens, Chongqing will have two pig futures exchanges at the same time. The futures market not only has the function of price discovery, but also has the risk of "skyrocketing". In the first half of this year, Chongqing pig futures plummeted. If healthy competition is formed between the two futures markets, investors can better see the trend of pork from the prices of the two futures markets, thus reducing price fluctuations.