In order to grasp the overall development of the financial derivatives industry and understand the macro development of the industry, CICC made a detailed market survey and analysis at the beginning of its establishment. By estimating the market capacity and understanding the needs of investors, we can objectively evaluate the development potential of financial derivatives and judge the development trend of the industry. By analyzing the trend of macro-economy and industrial policy, combined with the current development and competition pattern of the industry, we can judge the development trend of the industry, grasp the market trend, and also provide decision-making consultation for industrial investment. The overall development of the financial market has been steadily advanced. 197865438+February, China's financial reform and opening up began. During this period of development, the institutional framework of the central bank was basically established, major state-owned commercial banks were basically formed, stocks began to be issued in the capital market, and the insurance industry began to recover. A financial system adapted to the requirements of reform and opening up in the new period began to take shape. After 1985, finance began to develop to the legal system, and the system was more perfect. Under the leadership of the People's Bank of China, the functions of commercial banks began to be gradually clarified, the business scope began to expand, banking financial institutions began to be established, the capital market began to develop, stock trading and futures were standardized one after another, and the financial system was more adapted to the needs of the market economy, laying a foundation for promoting rapid economic development. In the new century, China officially joined the World Trade Organization, and the pace of financial industry reform has been accelerated, gradually officially opening to the outside world. On March 10, 2003, the State Council's Decision on Institutional Reform Plan approved the establishment of China Banking Regulatory Commission in the State Council.

The financial derivatives market has developed particularly rapidly. In 2006, China Financial Futures Exchange was established, which started the development of China financial futures market. Only four years later, the establishment of 20 10 stock index futures market marked the beginning of a new era in China's capital market. In June 2004, Shanghai Stock Exchange began to launch stock index futures. April 8, 2005-The Shanghai and Shenzhen 300 Index was officially released. On September 5th, 2006, Xinhua FTSE A50 stock index futures was launched in Singapore, which greatly stimulated the securities and futures industry in China. Relevant parties are worried that the pre-launch of domestic index futures abroad will give up the pricing power of the securities market halfway, and the demand for the pricing power of the securities market has accelerated the launch process of futures indexes. In 2009, the economic situation gradually improved. With the consent of the State Council, the CSRC approved the establishment of China Financial Futures Exchange and began to prepare for the listing of stock index futures. 20 10 at 9: 00 am on February 22nd, CICC officially accepted the application for opening an account for stock index futures trading. With the reform and development of economic system and financial system, China's derivatives market has experienced many breakthroughs and hardships in the past decade. Experienced the failure of foreign exchange futures, treasury bonds futures and stock index futures trading. In China's derivatives market, Zhengzhou, Dalian and Shanghai commodity futures markets have been rectified and standardized twice by 1994 and 1998, and have gained successful experience in developing derivatives markets in China.

In China's financial derivatives market, the main financial derivatives transactions are still insufficient. Treasury bond futures are the earliest financial derivatives in China. 1In February 1992, the Shanghai Stock Exchange took the lead in launching treasury bond futures trading, and the variety of 12 was opened to institutional investors one after another. In 2004, the CSRC approved the qualifications of many domestic banks to operate financial derivatives, and domestic commercial banks increased the promotion of personal financial derivatives and launched a variety of foreign exchange wealth management products. So far, although the varieties of derivatives are still not enough to meet the market demand, the growth rate and government promotion are still worth looking forward to.