Yang Maijun, General Manager Of The Previous Period: We Should Continue To Improve The Delivery Mechanism.

In 2010, the Lujiazui forum was held in Shanghai. Yang Maijun, general manager of Shanghai futures exchange, said at the forum that our futures market has developed to the present stage. I think we should serve our customers with full play of the functions and functions of the market.

Our China futures market has just been told by the president of CBOE that with the introduction of our financial futures, the structure of the financial market is relatively complete and also has financial futures. More importantly, the development of our commodity futures has been increasing rapidly in recent years. On the scale of the paction, China's commodity futures have become the largest commodity futures market in the world last year.

Last year, we traded close to 1 billion 100 million hands in commodity futures and traded more than 100 trillion yuan.

So far, 570 million hands have been sold so far this year, with a turnover of 63 trillion and and 8 billion.

That is to say, such a quantity has already provided the basic conditions for the service of the real economy and the national economy from the scale.

Compared with ourselves, we feel very fast and happy. Because in his background, I want to have two, one is China's grand real economy, and China is a big country.

Another important background is that in recent years, under the leadership and supervision of the China Securities Regulatory Commission, the market has strengthened the supervision of infrastructure construction. We have formed a trading and regulatory mechanism with Chinese characteristics to ensure that our market can operate steadily and steadily.

This year, as the market has been large, we still have to see that we are still in the early stages of development.

The most outstanding problem is that our market's ability and role in serving the real economy are just playing.

It's still very limited.

Why do I say so?

On the one hand, the market is a highly risky and professional market.

Investors and users of the market must be able to use this market more mature and be able to use the market prudently and effectively. I think we have many shortcomings.

Both knowledge and skills are inadequate.

There is a profound historical background to construct our pition characteristics and pitional economy.

Because China has implemented the planned economy for quite a long time after the founding of the people's Republic of China, we pferred to the market economy and began to develop our capital market, which is now 20 years.

In such a short period of time, our Chinese people and our common people have a very strong market for such risks and professionalism. Such tools are relatively poor in their ability to learn and master the market.

On the one hand, with the rapid development of the market economy, we have urgently felt that we need to grasp the risk management market.

However, we feel that there are still a lot of things to do in this regard.

Our investors' structure is not reasonable enough. Our professionals are very few. Our vast investors have poor sense of risk, their investment ability, especially their ability to control risks.

Therefore, in today's booming market, at this stage, I think it is in the stage from volume expansion to quality recovery.

Therefore, I think we should attach great importance to this issue in the whole market, do a good job in this area, deepen the ability to serve the national economy, and give full play to the functions of the market.

I think this is the main problem I am thinking about.

Of course, as a market and risk management market, we must first manage our own risk. Therefore, I feel that the bottom line of systemic risk is that we can not forget every moment. We must strengthen supervision to make our risk management measures more sophisticated and scientific.

At the same time, it can go deeper into the broad masses.

In addition, we should attach great importance to the scale of the market. We should be able to find the price correctly and let the market discover the product of price function, so that we can suggest the standard of our trading standard.

In addition, we need to encourage more or more users of real economy to use this market to hedge and hedge.

Therefore, to judge the quality of our market pactions, I think this is also a very important standard.

In these areas, I think we need to do a lot of things, we should guide and support our member companies, and widely carry out this kind of investor education activities.

I think this education is two aspects, one is a universal popularization of futures knowledge, enhance risk awareness education.

Such an education is going deep into the users of our real economy to help them master risk management tools with strong risk and professionalism.

So that users of such a wide range of real economy can be more and more prudent and effective access to the market.

I think there is a lot of work to do in this area. From the aspect of exchange, we need to improve our delivery mechanism and improve our rules and regulations, including the revision of our contract.

These are all things we should do well.