Hua Ran, Chairman of the Dalian Commodity Exchange: Palm oil takes the lead in realizing futures options in the exchange, otc market，domestic and international market.

Hua Ran, Chairman of the Dalian Commodity Exchange, said in a speech at the ceremony of the palm oil options listing and the introduction of foreign traders to participate in the transaction on June 18, the history of deep cultivation and expansion of the palm oil derivatives system is a microcosm of DCE's solid advancement of international derivatives exchanges based on futures and spot, on and off the exchange, domestic and international: from the listing of palm oil futures in 2007 to the currently, 70% of domestic market of the palm oil spot trade uses DCE futures prices as the pricing benchmark, and leading domestic and foreign grain and oil companies extensively use the futures market for risk management; from the pilot palm oil over-the-counter options in 2017 to the launch of palm oil commodity swaps in 2018, This year, the introduction of palm oil basis trading on the OTC platform, and the official listing of palm oil options today; from the introduction of foreign traders to participate in palm oil futures in December last year, to the opening of palm oil options today, DCE took the lead in palm oil, fully imported commodity, realizes full coverage of futures and options, on- and off-exchange, domestic and international.

"One step at a time, DCE has initially formed a derivative instrument system integrating futures and spot products, on- and off-exchange collaboration, and domestic and overseas connections on palm oil, which can better serve the palm oil industry to integrate into the domestic big cycle. It is a new development pattern where the main body and the international and domestic double cycles promote each other." Hua Ran said.

Hua Ran also said that DCE will take serving the real economy as the starting point and goal, and resolutely implement the deployment requirements of the Party Central Committee and the State Council on maintaining the supply and price of bulk commodities and maintaining the stable operation of the economy. Under the strong leadership of the China Securities Regulatory Commission, DCE will effectively play the role of front-line supervision of futures exchanges to ensure that the futures market objectively and rationally reflects the relationship between supply and demand, operates safely and smoothly, and plays a greater role in serving the high-quality development of the national economy.

大连商品交易所理事长冉华：棕榈油率先实现期货期权、场内场外和国内国际全覆盖

大连商品交易所党委书记、理事长冉华6月18日在棕榈油期权上市暨引入境外交易者参与交易启动仪式上致辞时表示，棕榈油衍生品工具体系的深耕拓展史，是大商所立足期现货、围绕场内外、着眼境内外，扎实推进国际一流衍生品交易所的一个缩影：从2007年上市棕榈油期货，到目前国内70%的棕榈油现货贸易采用大商所期货价格作为定价基准、国内外粮油龙头企业广泛利用期货市场进行风险管理；从2017年试点棕榈油场外期权、2018年推出棕榈油商品互换，到今年在场外平台引入棕榈油基差交易，再到今天正式挂牌棕榈油场内期权；从去年12月引入境外交易者参与棕榈油期货，到今天棕榈油期权的对外开放，大商所率先在棕榈油这个全进口商品上实现期货期权、场内场外和国内国际全覆盖。

“一步一个脚印，大商所已经在棕榈油这个品种上初步形成了期货现货结合、场内场外协同、境内境外连通的衍生品工具体系，能够更好地服务棕榈油产业融入以国内大循环为主体、国际国内双循环相互促进的新发展格局。”冉华说。

冉华还说，大商所将把服务实体经济作为出发点和落脚点，坚决贯彻落实党中央、国务院关于大宗商品保供稳价、保持经济平稳运行的部署要求，在中国证监会的坚强领导下，切实发挥好期货交易所一线监管作用，确保期货市场客观理性反映供求关系、安全平稳运行、功能有效发挥，在服务国民经济高质量发展中发挥更大作用。