Guangdong-Hong Kong-Macao Greater Bay Area sends new message: Guangzhou Futures Exchange is expected to land this year.
Yesterday, according to the First Financial Report, as a demonstration window of Guangdong-Hong Kong-Macao Greater Bay Area's financial opening-up experiment, Nansha Pilot Free Trade Zone is taking cross-border cooperation and financial innovation as a breakthrough to further accelerate the gathering of financial elements. In the future, three new financial institutions with cross-border finance as a breakthrough will be established in the Free Trade Zone, among which Guangzhou Futures Exchange is expected to land within the year, and the preparations for landing are progressing in an orderly manner.
In addition, regarding Guangdong-Hong Kong-Macao Greater Bay Area International Commercial Bank, preliminary demonstration work is being carried out, and relevant departments of provinces and cities are being assisted to screen powerful, influential and qualified institutions in Guangdong, Hong Kong and Macao to participate in the preparation of Greater Bay Area Bank. Different from ordinary banks, Guangdong-Hong Kong-Macao Greater Bay Area International Commercial Bank will take cross-border finance as the main breakthrough in the future, focusing on developing business closely linked with Hong Kong and Macao.
At the same time, Nansha Free Trade Zone will also add a new life insurance company: Fu Wei China Life Insurance Co., Ltd., which will be the first joint venture life insurance company after China's insurance industry is approved to break through the new policy of 50% share ratio. It is understood that in addition to foreign shareholders, Fu Wei China Life will also have some private enterprises as domestic shareholders, but the final shareholder candidates have not yet been determined.
"As far as we know, at present, in the process of product design and selection, it is estimated that the listing of the exchange will be slightly nervous at the end of the year, but it is still possible to grasp it. It is almost impossible for varieties other than carbon emission rights futures to be listed and traded before the end of the year. " A futures industry insider in Guangzhou said.
Another person close to it said that from the current situation, it is very likely to launch carbon emission rights futures during the year.
The development of Guangzhou futures industry has experienced ups and downs, and Greater Bay Area plans to help the futures exchange restart.
In fact, as one of the earliest cities in China's futures industry, the restart of Guangzhou Futures Exchange has been continuously concerned by the market. Although South China Commodity Futures Exchange and Guangzhou Commodity Futures Exchange were established in succession as early as 1990s, due to imperfect market development and even excessive speculation, the futures exchange in Guangzhou was shut down and banned in the national futures industry rectification from 65438 to 0996.
Since 2006, Guangdong Province and Guangzhou City have resumed the establishment of Guangzhou Futures Exchange. In recent ten years, reopening the futures exchange has not only become a necessary topic for NPC and CPPCC in Guangzhou, but also the relevant departments of Guangdong Province have continuously submitted materials to the relevant state ministries and commissions to promote the preliminary research work.
After years of hard work, the establishment of Guangzhou Futures Exchange finally ushered in the dawn of hope. On February 6th this year, the Central Committee and the State Council issued the Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Plan. The planning outline points out that Guangzhou should be supported to build a green financial reform and innovation pilot zone and an innovative futures exchange with carbon emissions as the first category.
At the same time, the planning outline also expressed support for Guangzhou to improve the modern financial service system, build a regional private equity trading market, build a regional property rights and commodity trading center, and enhance the level of internationalization.
In fact, judging from the overall situation of Guangdong-Hong Kong-Macao Greater Bay Area, the foundation for developing green finance is already available. Among them, Shenzhen Emissions Exchange was established in September 20 10, and Guangzhou Carbon Emissions Exchange was formally established in September 20 12. Hong Kong has outlined the blueprint for the development of "green bonds" in the 20 18 to 20 19 budgets.
On June 5438+ 10 this year, Guangzhou Mayor Wen also proposed to fully promote the construction of Guangdong-Hong Kong-Macao Greater Bay Area in his government work report. Give full play to the role of Guangdong-Hong Kong-Macao Greater Bay Area as the core engine, establish and improve the working structure, improve the docking and cooperation mechanism between Guangzhou, Hong Kong and Macao, and join hands with Hong Kong and Macao to build a world-class Bay Area and a world-class urban agglomeration.
What is the form of establishing an exchange? Is it all related to spot trading?
At present, there is still no official news about the concrete progress of the construction of Guangzhou Futures Exchange. In what form should the exchange be established, and what are the preliminary design schemes for carbon emission products? There are different market views.
The above-mentioned insiders said that the Guangzhou Futures Exchange is now known to be more inclined to establish a shareholding system. "It is expected that the Guangzhou Stock Exchange Group will become a shareholder candidate, but it is not clear whether to introduce the existing four commodity futures exchanges and whether it can be approved."
He believes that if the Guangzhou Futures Exchange can really land, then the above commodity futures exchanges have a greater probability of becoming shareholders, and the Guangzhou Futures Exchange will also be included in the supervision of the CSRC system.
From the product design of carbon emission futures, industry insiders revealed that the current scheme may be based on the products of Guangzhou Carbon Emissions Exchange under the Guangzhou Stock Exchange Group, and then upgraded.
Another market participant believes that the establishment of Guangzhou Futures Exchange should have little contact with the existing spot exchange.
It is understood that Guangzhou Stock Exchange Group (Guangzhou Stock Exchange Group), founded on 20 10, is the first enterprise group in China to engage in the investment and operation of various factor trading platforms such as rights and interests and commodities. At present, the Group has five specialized trading institutions, including Guangzhou Property Rights Exchange, Guangzhou Carbon Emissions Exchange, Guangzhou Rural Property Rights Exchange, Guangzhou Commodity Exchange and Guangzhou Logistics Exchange, which have passed the national acceptance, covering all kinds of state-owned assets transactions.
Among them, the green financial sector is one of the core sectors of the Guangzhou Stock Exchange, and the Guangzhou Carbon Emissions Exchange is the only trading platform for carbon emission quotas and national certified voluntary emission reduction (CCER) in the Guangdong Carbon Trading Experimental Zone. Through innovative carbon financial products such as quota mortgage financing, repurchase transactions and forward transactions, we launched three-dimensional comprehensive services such as China carbon market 100 index, new energy asset investment transactions and green industry investment.
This article is from Futures Daily.
For more exciting information, please visit the financial website (www.jrj.com.cn).