The issue of oil pricing power has attracted the attention of the industry because China's strength in this industry is getting stronger and stronger. On June 2nd, 2009, Shang Fulin, Chairman of China Securities Regulatory Commission, and Tu Guangshao, Vice Mayor of Shanghai, gave a public speech at the Shanghai Derivatives Market Forum, which aroused the industry's expectation of "domestic listed oil futures". Shang Fulin said that the CSRC supports the listing of futures products that meet the needs of the national economy and meet the market conditions, and does fine work on futures products that have already been listed. Tu Guangshao further stated that according to the spirit of "the State Council's Opinions on Accelerating the Development of Modern Service Industry and Advanced Manufacturing Industry in Shanghai to Build an International Financial Center and an International Shipping Center", as an important part of the construction of Shanghai's international financial center, in terms of the development of futures market and financial derivatives, energy and chemical futures products such as crude oil, gasoline and diesel, asphalt should be launched in an orderly manner on the Shanghai Futures Exchange according to the specific arrangements of the national financial management department. Zhu Jun believes that China can consider establishing its own futures market in China, which is of great significance to improve China's right to speak on oil. Experts said that engaging in oil futures in China means competing for the pricing power of international oil prices.
In the era of drastic changes and high-level operation of international oil prices, how to turn passive into active can only be realized by gaining more voice in the international oil market. In addition to improving oil supply, we should also improve the strategic response ability in production, sales, transportation, smelting, storage and reserve.