Recently, Jiangsu Securities Regulatory Bureau and Dalian Commodity Exchange (DCE) jointly held a forum for the Jiangsu-based futures companies in Nanjing, comparing notes on promoting the development of the futures market in Jiangsu Province and strengthening the services for industries. Attending and addressing the forum were Wang Mingwei, Director of Jiangsu Securities Regulatory Bureau, Ling Feng, Deputy Director of Jiangsu Securities Regulatory Bureau, Li Zhengqiang, DCE President & CEO, and Zhu Lihong, Vice President of DCE, with the executives of 10 futures companies in Jiangsu province present at the forum at the invitation.
At the forum Director Wang said that as a powerhouse ranking second in China with a GDP of RMB 5.4 trillion in 2012, Jiangsu Province, boasting a large number of real enterprises, is both a producing area and a consuming area of bulk commodities with active spot trades as well as an extensive market foundation for the products listed and traded on DCE such as soybean oil, soybean meal, coke and PVC. The futures market in Jiangsu and the DCE have established the partnership featuring close cooperation and sound interaction with the 11 futures companies in Jiangsu Province as the futures brokers of DCE attaining a trade volume of 110 million lots or RMB 5.9 trillion in 2012, accounting for 8.7% and 8.9% of the total at DCE respectively. He also pointed out that as the futures market in Jiangsu Province finds a huge space for development to meet the demands of the developed real economy and for the risk management of the enterprises, the futures companies are expected to seize the opportunities and further their efforts, and DCE is expected to strengthen cooperation with and support for Jiangsu in the fundamental work such as services for industrial clients, investors education and training for futures personnel, in a bid to put new driving force in the development of the futures market in Jiangsu.
Giving full recognition to the development of the futures market in Jiangsu, DCE President & CEO Li said that DCE has been attaching great importance to the close cooperation with the securities regulatory bureaus and futures companies and has achieved desirable results in the vigorous cooperation with the local securities regulatory bureaus in cooperative regulation, the futures institute and the market training. This year DCE has set up the internal system of regular market visits with the aim of further strengthening the exchanges between DCE and the local futures companies, timely listening to the calls of the market, and constantly improving the market rules and systems, in a bid to better the quality and efficiency of market operation and give further play to the functions of the futures market. Vice President Zhu briefed the forum on the operation of the futures market in Dalian and the running of DCE.
According to the executives of the futures companies present at the forum, having attached great importance to the support for the futures companies in services for industries, personnel training and company development for long, DCE has established a number of service brands such as the Futures Institute, the selection of the “Top 10 Futures R & D Teams” and the conferences of industries and introduced the market measures such as supporting the R & D of the industrial clients with the initiatives functioning effectively in enhancing the industrial personnel training and improving the ability of the futures companies in serving the industries. In addition, the member units provided opinions and suggestions for DCE in further developing, improving the rules and systems, and serving the market, etc.