National People's Congress Deputies and General Manager of the Dalian Commodity Exchange Liu Xingqiang (microblogging) said on the 6th at the special press conference of the representatives of the two members of the China Securities Regulatory Commission that the Dashang Group plans to launch coking coal futures this year, and at the same time increase the research of agricultural product futures and the launch of agricultural product futures. It will also be faster than in previous years. At present, research is being conducted on egg- and pig-related varieties.

This year, pushing coking coal futures

Following the listing of coke futures by Daicom in 2011, coking coal futures will be publicly traded in the industry. Liu Xingqiang said that preparations for coking coal futures will be launched this year and currently coking coal futures have entered the approval process.

Liu Xingqiang also disclosed that Dashang is studying iron ore futures, and the introduction of iron ore futures is of great significance to the way China's iron ore trades and strengthens the international discourse power of the iron ore market. However, when it comes to launch, it depends on research and conditions. Degree of maturity.

Eggs, hog futures or shelves

Liu Xingqiang stated that in accordance with the requirements of serving “agriculture, rural areas and farmers”, Dashang has increased the research on agricultural product futures. This year, the introduction of futures varieties of agricultural products should be faster than in previous years.

"The rumors of the egg futures, the Dachang really research, and strive for the early launch." Liu Xingqiang said that through research found that the current demand for eggs in China reached 23 million tons, the total value of up to 180 billion yuan.

“Egg futures are not difficult to standardize, there are no major obstacles in the delivery process, and they are suitable for listing futures.” Liu Xingqiang pointed out that egg futures is a typical service for “agriculture, rural areas and farmers”, and the species issued by the Chicago Futures Exchange is Butter and eggs, but more successful. International experience can be used for reference. At present, the Dashang Group is hurrying to formulate relevant rules. When conditions are ripe, it will be launched in due course.

Liu Xingqiang also said that hog futures have been researched for many years and he hopes to launch it soon.

Serving “agriculture, rural areas and farmers” is not to let farmers directly participate in futures

“How does the futures market better serve farmers and farmers?” Liu Xingqiang believes that an important way is to make the variety coverage wider, so that more agricultural products can be listed through the futures market and help farmers and agribusinesses through price signals. Control risks and stabilize returns.

Liu Xingqiang believes that not only pigs and eggs but also many other agricultural products have great potential. He said that currently there are only 13 agriculture-related varieties in China's commodity futures, and farming agricultural products have not yet been involved. As a big country in the production and consumption of agricultural products, China has huge potential for development in agricultural products and futures.

Liu Xingqiang also stressed that the futures market serves “three rural issues”, not allowing more farmers to directly participate in the futures market, but providing accurate price signals for farmers and agribusinesses.