On the occasion of the coming of the New Year, I would like to, on behalf of Dalian Commodity Exchange (DCE), extend my heartfelt thanks and sincere regards to all leaders, friends, member units, and investors who care for and support the development of the Dalian and China futures markets!
The year 2013 is the first year to implement the spirits put forward at the 18th CPC National Congress and the 3rd Plenary Session of the 18th CPC Central Committee (the “3rd Plenary Session” for short). During this year, China’s futures market has accelerated its pace of innovative development, both the “quantity” and “quality” of the market have been improved during the development, and the market’s capacity of serving the real economy has been continuously strengthened. It is also the year that DCE has achieved the most rapid innovative development with the annual futures turnover and trading volume of 1.401 billion contracts and RMB 94.31 trillion, up by 10.66% and 41.51% respectively compared with the previous year. Under the strengthened regulation and the effective risk prevention and control, the market has enjoyed safe and steady operation. The listing of the five futures products (coking coal, iron ore, egg, fiberboard, and blockboard) has further enriched and improved the product system of the energy minerals and the agricultural products and moved the construction of DCE into a comprehensive market to a new milestone. Besides, such measures as adapting to market change and demand, revising and improving futures contracts and rules, and further optimizing the listed products have enhanced the market efficiency and its capacity of serving the industry and the real economy to a new level, thus making the exchange’s market and the industry service activities more effective.
At present, the strategic thinking of “making the market play a decisive role in resources allocation” put forward at the 3rd Plenary Session has made the strong tone of the times that requires to deepen the economic system reform, improve modern market system, and fully display market mechanism function and has come up with new requirements and great opportunity for the futures market to continue its steady and healthy development and to effectively serve the real economy. Besides, the “marketization, legalization, and internationalization” reform direction of the capital market will also release new vitality for the innovative development of the futures market. Under the new circumstance, DCE will, guided by the spirit of the 3rd Plenary Session and led by the China Securities Regulatory Commission, seize the reform and development opportunity and continue to deepen the innovative development of new products, new tools, and new markets under the premise of effectively preventing and controlling market risks, so as to further enrich the product varieties and perfect the multi-level market system. It will keep deepening the construction of the market basis, further improve contracts and rules, and enhance market efficiency. It will also continue to deepen the regulatory transition, strengthen the market and industry service, and adapt to the tendency of new industry subjects’ entering into the market and the institutionalization of investors, so as to make contributions to accelerating the improvement of the socialist market economy system and the transforming of the economic development mode.
We sincerely hope that all member units and investors will continue to support our work and join hands with us in contributing to the reform and development of the Dalian futures market and China’s capital market and to the promotion of the real economy’s sound development!