2014165438+1October 20th 0 1:26 Securities Daily

The launch of China crude oil futures is imminent. The State Council recently released the Strategic Action Plan for Energy Development (20 14-2020), proposing to encourage the use of futures market for hedging and promote the construction of crude oil futures market.

As the most "heavyweight" commodity futures in China, the introduction of crude oil futures has been highly anticipated by all sectors of society. For this futures variety, the regulatory authorities and the exchange have repeatedly publicly stated that they will strive to land within the year.

165438+ 10/8, Lu Feng, senior director of Shanghai Futures Exchange, revealed that the crude oil futures plan has been submitted and is waiting for approval by relevant departments. After the introduction of relevant fiscal, customs and monetary policies, the trading rules and regulations of crude oil futures will surface. At present, Shanghai International Energy Trading Center is studying the inspection rules for crude oil futures delivery with the relevant departments of the previous issue, and will release the draft for comments in due course.

Lu Qian, deputy director of the Beijing Securities Regulatory Bureau, also revealed in a forum a few days ago that the China Securities Regulatory Commission [Weibo] is currently guiding the Shanghai International Energy Exchange Center to promote the construction of the international crude oil futures market with internationalization and marketization, designing and formulating the basic institutional framework according to the basic principles of competitive trading and bonded delivery on international platforms, preparing to launch crude oil futures varieties, improving the price formation mechanism of crude oil products in China, and introducing foreign traders to participate in domestic crude oil futures trading, which has become an important measure to promote market innovation.