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1. In the past, the commodity futures market was dominated by retail investors and large households, and few institutions participated in this market. In what way does the organization participate in this market? But now, institutional investors have gradually become the main force of investors in the futures market. "Since the fund industry association approved the filing system for private equity funds, the participation of private equity funds in this market has been much higher, which is a very good starting point." Xiao said that Public Offering of Fund was also encouraged to be a commodity futures ETF, and others could also participate, including QFII. Now the investors in the whole market are our institutional investors (mainly private investors).
2. The approval of commodity futures ETF is a good opportunity, and more and more public foundations may participate in futures investment in the future. "At present, the development of the futures market has made great achievements. The whole market is getting bigger and bigger, and the proportion of institutional investors is getting higher and higher. " He said, "From the perspective of the game in this market, we should vigorously develop hedging, at the same time, we should vigorously develop market liquidity and have enough real economy to participate. Such a market is a rich and balanced market. " Regarding the development and construction of the futures market, I think that the basic theoretical research is insufficient at present, and most of the research literature on how to price goods is contributed by foreign scholars, while there are few in-depth researchers in China, and most of them are general.
Especially in commodity pricing, we can find little about domestic commodity pricing. "In fact, this is a niche field in the industry abroad, but there are still many people doing research." In addition, it is difficult to find relevant literature on variety design and variety research. Internationalization needs not only introduction, but also going abroad. On the other hand, domestic enterprises should also go abroad. Many central enterprises or large spot enterprises that operate foreign pricing varieties are engaged in overseas futures business, but domestic institutional investors are limited by funds and systems, and few can really do this business. Domestic varieties are not effective enough, and the market is more prone to mistakes than overseas. For example, some varieties have made arbitrageurs make money all the year round, which is the imperfection of the variety system.