According to CICC, lowering the delivery fee is a positive measure to actively respond to the national decision on tax reduction and fee reduction, and solidly promote the "I do practical things for the masses" series of activities of the China Securities Regulatory Commission, which will effectively reduce the cost for investors to participate in financial futures delivery, facilitate investors to hedge and manage risks through the financial futures market, and increase financial support for the real economy.
In fact, due to the rise in commodity prices this year, the market enthusiasm of domestic commodity futures is greater than that of financial futures as a whole.
A private placement bond researcher told reporters:
In the future, the scope of banks' participation in treasury bond futures trading will be gradually liberalized, because if the largest treasury bond spot dealer in the market can't do futures, then the pricing in the futures market is not fair enough. "
He believes that CICC's policy of halving the delivery fee will theoretically help promote the liquidity of deliverable bonds, especially the cheapest deliverable bonds.