On November 12, 2020, the 11th Annual Futures Institutional Investor Conference was held in Shanghai. Wang Weijun, member of the party committee and deputy general manager of the Dalian Commodity Exchange, said in a speech at the meeting that institutional investors have become an important part of the Dalian futures market, building a new market participation pattern for DCE, and also enhancing market service capabilities. The internal driving force for quality development: In the first 10 months of this year, corporation transactions and positions accounted for 35% and 55% of DCE's market, of which special corporation and asset management accounted for 9% and 14% of DCE's market positions.

Wang Weijun said that in the next step, DCE will, under the guidance of the China Securities Regulatory Commission, adhere to the requirements of "four awes and one force", adhere to the service oriented to the real economy, keep up with the international pace of innovation, and focus on three main lines of product development, technology drive, and ecosystem building, accelerate the construction of a first-class international derivatives exchange integrating futures and spot, on- and off-market collaboration, and domestic and overseas connections, and strive to provide high-quality and efficient services to various market participants, including institutional investors.

One is to speed up the listing of futures varieties such as live pigs, peppers, shipping, and scrap, and options varieties such as soybean oil and palm oil, to provide more target varieties and tools for institutional investors to participate in the market.

The second is to actively expand the over-the-counter market service system and participant ecology around the goal of "one circle, two centers" around the commodity ecosystem, trading center, and price information center. Launched non-standard warehouse receipt transactions on existing OTC products.

The third is to increase the level of market internationalization through multiple paths, promote the introduction of foreign traders in palm oil and other products and iron ore options and other instruments, and introduce QFII and RQFII in major products and tools to continue to increase the international influence of market prices.

Fourth is to continue to optimize and improve the quality and efficiency of market operations, adhere to the “one product, one policy”, further enhance the continuous activity and pricing capabilities of variety contracts, study the launch of cash settlement contracts and block transactions, and improve market mechanisms.

Fifth, continue to strengthen self-discipline supervision and style prevention and control to maintain national economic and financial security. In accordance with the policy of “establishing systems, non-intervention, and zero tolerance”, promote the institutionalization, standardization, and process of regulatory services, comprehensively improve regulatory effectiveness, and effectively combat violations of laws and regulations.

Sixth, taking the opportunity of the DCE trading 7.0 system of to go online and operating steadily, continue to promote cutting-edge technology research and achievement transformation in the changing digital economy, play the role of technology engine, serve, support and lead business, and use new technology to promote the market Breakthroughs in products, transactions, and services have improved the exchange’s service capabilities for participating entities.

Seven is to adapt to the normalization of the epidemic, do a good job in cultivating services for industrial enterprises and institutional investors, expand and enrich the scenarios and paths for banks, insurance, securities, and funds to carry out commodity business, and further improve the service level of the real economy in the market.


上海证券报：大商所将探索在主要品种和工具上引入QFII和RQFII

11月12日，2020第十一届期货机构投资者年会在上海举办。大连商品交易所党委委员、副总经理王伟军在为会议致辞时表示，目前机构投资者已成为大连期货市场重要组成部分，构建出大商所全新的市场参与格局，也成为市场服务能力提升和高质量发展的内在动力：今年前10月，法人成交和持仓占大商所市场的35%和55%，其中特法和资管占大商所成交持仓的9%、14%。
王伟军说，下一步，大商所将在中国证监会的指导下，按照“四个敬畏、一个合力”要求，坚持服务面向实体经济，创新紧跟国际步伐，围绕产品开发、技术驱动、生态圈建设三大主线，加快建设期货现货结合、场内场外协同、境内境外连通的国际一流衍生品交易所，努力为包括机构投资者在内的各类市场参与者提供优质高效的服务。
一是加快上市生猪、辣椒、航运、废钢等期货品种和豆油、棕榈油等期权品种，为机构投资者参与市场提供更多标的品种和工具。
二是围绕大宗商品生态圈和交易中心、价格信息中心“一圈、两中心”目标，积极拓展场外市场服务体系和参与者生态。在现有场外品种上推出非标仓单交易。
三是多路径提升市场国际化水平，推动在棕榈油等品种和铁矿石期权等工具上引入境外交易者，在主要品种和工具上引入QFII和RQFII，持续提升市场价格的国际影响力。
四是持续优化提升市场运行质量和效率，坚持“一品一策”，进一步提升品种合约连续活跃和定价能力，研究推出现金清算合约和大宗交易，完善市场机制。
五是持续强化自律监管和风范防控，维护国家经济金融安全。按照”建制度、不干预、零容忍"的方针，推动监管服务的制度化、规范化、流程化，全面提升监管效能，有效打击违法违规行为。
六是以大商所所DCE交易7.0系统平稳上线和运行为契机，在数字经济变局中持续推进前沿技术研究与成果转化，发挥技术引擎作用，服务、支持和引领业务，以新技术推动市场在产品、交易、服务方面的突破，提升交易所对参与主体的服务能力。
七是适应疫情常态化，深入做好产业企业和机构投资者培育服务工作，拓展丰富银行、保险、证券、基金开展大宗商品业务的场景和路径，进一步提升市场实体经济服务水平。