On Behalf of Dalian Commodity Exchange (DCE), I would like to extend the New Year’s greetings to the member units and market participants, and express our heartfelt thanks to all our friends for their support.
The year 2016 marked the beginning of the implementation of the “13th Five-year Plan” and the decisive stage of building a moderately prosperous society in China, It was characterized by the important task of advancing the supply-side structural reform. Under the leadership of the China Securities Regulatory Commission (CSRC), DCE has adhered to serving the real economy by centering on the principle of “Ensuring Stability, Strengthening Management and Advancing Transformation”. With the safe and stable operation of the market maintained, DCE has vigorously pushed forward the full development in all fields and propelled the strategic transformation from a simple and closed commodity futures exchange to a comprehensive derivatives exchange featuring product and instrument diversity and market openness. We are about to launch the soybean meal options on futures. Furthermore, the launch of MEG futures has received preliminary approval from our regulator. Moreover, significant progress has been made in developing hog and other commodity futures. Also, DCE has made achievements in multiple fields over the past year. The pilot program of “insurance plus futures” has been included in Central Document No.1 which focus on the rural issues, the service for the industry has been further deepened. The plan for the internationalization of the iron ore futures is basically mature. The establishment of the technical platform for the OTC market is basically complete. The members’ general meeting was successfully convened. The corporate governance structure has been further improved. These achievements herald the substantial breakthrough in DCE’s strategic transformation.
In 2017, with broad mind and view, practical and proactive attitude, DCE will continue to make a commitment to serving the real economy and vigorously support the implementation of the national strategies; DCE will always uphold the principle of openness, fairness and justness, and effectively fulfill the responsibility for forefront regulation; DCE will put equal emphasis on innovation and improvement and continuously improve the quality and efficiency of market operation; DCE will still embrace the development idea of cooperation and sharing and strive to create a harmonious development environment; DCE will further strengthen internal management. DCE purposes to be a first-class international derivatives exchange featuring diversity and openness with full set of instruments, various products, fully played functions, and safe and effective operation, and to make greater contributions to China’s supply-side structural reform and the development of the real economy.