First, speed up the listing of new agricultural varieties contracts and provide more hedging tools. The quantity and variety of futures products determine the degree to which the futures market functions to a certain extent. On the basis of strict and sufficient argumentation, we will launch new variety contracts as soon as possible, improve the upstream and downstream varieties of listed varieties, form a series, provide diversified tools and enrich hedging means to meet the hedging needs of different customers in the industrial chain.
The second is to encourage and guide spot enterprises to participate in hedging from the policy level. It is suggested that accounting standards and other financial systems should be reasonably optimized to enhance the flexibility of joint operation of enterprises. Establish a scientific and standardized futures evaluation system for large and medium-sized state-owned enterprises. From the policy point of view, state-owned enterprises and listed companies should be moderately liberalized to participate in futures arbitrage trading, and they should be guided and managed from the system. Encourage spot enterprises to participate in the arbitrage operation of relevant futures varieties in domestic and foreign markets, gradually mature in practice, and enhance the competitiveness of enterprises. Study the pilot project of futures hedging credit and explore an appropriate model with hedging as the loan condition. At the same time, we can consider reducing or exempting income tax for large-scale key enterprises engaged in futures hedging business for a long time, and encourage and guide enterprises to actively participate in hedging and conduct risk management.
The futures exchange implements some incentive measures for hedging enterprises to collect fees and deposits; It is suggested that in the rating system of futures companies, more futures companies with large value preservation and large number of customers in the service industry are inclined to further emphasize the function of futures market in serving the real economy.
The third is to speed up overseas futures business and study domestic night trading. At present, due to the lack of legal hedging and arbitrage channels in overseas futures markets, domestic spot enterprises are in a relatively unfavorable position in the competition, and the demand of industrial customers is more urgent.
Fourth, continue to promote investor training and education activities to provide policy support for talent training in the futures industry. The full play of the function of futures market is inseparable from the support of local governments. Generally speaking, the relevant government departments, especially the grass-roots agricultural departments and agricultural production and operation entities, have yet to improve their understanding of the futures market and its functions, and have insufficient understanding of the important role of using futures to promote the development of agricultural industrialization, and the atmosphere of actively using futures market functions has not yet formed. It is necessary to continuously increase the popularization of futures knowledge, focus on spot enterprises, agricultural systems and relevant government departments, and cultivate futures culture in government departments and industrial enterprises. For all participants in the futures market, carry out extensive, in-depth and lasting futures knowledge publicity and investor education activities.
It is suggested that futures exchanges, mid-term associations and local futures associations should be further brought into play, and special funds should be set up to strengthen the popularization of futures knowledge. In the aspect of talent training in futures industry, we should plan and support from the policy and strengthen the construction of high-level professionals and management talents; Relying on the construction of the training base for futures reserve talents in colleges and universities, we will reserve and further cultivate futures talent resources and promote the effective accumulation and development of outstanding talents in the industry.
Fifth, moderately liberalize the business scope of futures operating institutions to better serve the development of the industry. The futures market is a relatively high-risk market. In recent years, according to the needs of normative development, industry policies have put forward higher requirements for the business scope and the use scope of self-owned funds of futures companies, including the establishment of futures outlets and the listing of futures varieties, which not only ensures the healthy and stable development of the whole industry, but also affects the innovation will of futures companies. It is suggested to speed up the pace of industry innovation, timely liberalize CTA, asset management and other related businesses, broaden the business scope of futures operating institutions, enhance the strength of futures companies, and better serve the development of industrial economy.