2. China crude oil futures trading is also conducive to promoting the price reform of the domestic refined oil market.
3. Crude oil futures trading can provide a channel for domestic crude oil consumers to hedge and avoid risks.
4. Crude oil futures trading may also promote the internationalization of RMB.
Supplementary extension:
1. Functions of the futures market: price discovery, risk avoidance and hedging.
2. The influence of the futures market on the national economic development. Establish and improve the management mechanism of self-restraint and self-development of market intermediaries. Open up investment channels for the market, expand the scope of choice, meet the needs of diversified motives, trading motives and interests, and provide the possibility of obtaining higher returns.