19901kloc-0/2 Zhengzhou grain wholesale market was established with the approval of the State Council. Based on spot trading, it introduced the futures trading mechanism and took the first step in the development of China futures market.
199 1 Shanghai Metal Commodity Exchange opened on May 28th;
1991June 10, Shenzhen Nonferrous Metals Exchange was established;
The first futures brokerage company, Guangdong Wantong Futures Brokerage Company, was established in September, 1992, marking the resumption of China futures market in China after more than 40 years of interruption;
1On February 28th, 993, Dalian Commodity Exchange was established;
1998 In August, Shanghai Futures Exchange was formed by the merger of Shanghai Metal Exchange, Shanghai Grain and Oil Commodity Exchange and Shanghai Commodity Exchange, and it was officially put into operation in February.
On September 8, 2006, China Financial Exchange was established;
On April 2010/6, China launched the first domestic stock index futures-the Shanghai and Shenzhen 300 stock index futures contract;
On 20th11April15th, China Dalian Commodity Exchange launched the world's first coke futures contract;
20 12 12 China Zhengzhou commodity exchange launched the first glass futures contract.
201165438+1October, the stock index futures trading volume and turnover rebounded,165438+1October, the stock index futures trading volume was18190. The total turnover of stock index futures was 7.87 trillion yuan, a month-on-month increase of18.73%; The average daily turnover of stock index futures was 357.66 billion yuan, down 2.86% from the previous month. The monthly turnover of stock index futures accounts for 4.49% of the stock turnover.
Financial innovation goes hand in hand with the reform of futures market and industry in many aspects, such as regulatory system reform, product expansion, business innovation and so on. In the aspect of supervision system reform, it is mainly to promote the reform of handling fee, hedging, arbitrage, margin and position limit in futures market to improve market efficiency; In terms of product innovation, close to the needs of agriculture, countryside and farmers, develop more securities and futures products for agriculture and farmers, and develop financial products such as treasury bonds futures and stock options; In terms of business innovation, the CSRC supports the business innovation of futures companies, promotes the pilot of overseas brokerage business and customer asset management, promotes the pilot of specialized futures investment funds, and supports qualified futures companies to issue shares.
With the deepening of the reform of futures market and futures industry, the futures industry will enter the best period of development opportunities in history. In the short term, with the expansion of the market and the improvement of market efficiency, the futures industry is expected to usher in a turning point in performance; In the long run, with the comprehensive development of business innovation, the futures industry will continue to open.