March 26th is a memorable day for China futures market. As the first international futures product in China, the listing of crude oil futures can not only serve the high-quality development of China's real economy, but also further promote the opening up of China's financial market, which is of great significance. As the first commodity among commodities, the listing of crude oil futures will bring great changes to the total size of the futures market.

Liu, chairman of China Securities Regulatory Commission, said at the listing ceremony that the official listing of China crude oil futures today marked a new step in the construction of Shanghai International Financial Center. Liu said that it took 17 years for China crude oil futures to be officially listed today. China Securities Regulatory Commission has confidence, determination and ability to build a crude oil futures market with China characteristics and give full play to its functions.

Fang Xinghai, vice chairman of China Securities Regulatory Commission, said that international oil prices fluctuated greatly. With crude oil futures, we can predict the future changes in oil prices and make appropriate arrangements accordingly, which is the most important role in serving the real economy. In order to make crude oil futures better serve the real economy, China's crude oil futures have two characteristics: international platform and RMB pricing.