Wang Fenghai, general manager of the Shanghai Futures Exchange: Speed up the construction of a green derivatives market system.

Wang Fenghai, general manager of Shanghai Futures Exchange, stated at the 17th China (Shenzhen) International Futures Conference in 2021 that the Shanghai Futures Exchange has gradually clarified the path to better serve the development of the real economy through continuous exploration. Among them, the effective functioning of the futures market is fundamental, the promotion of the integrated development of futures and spot is the key, and a high-level opening to the outside world is the foundation.

Wang Fenghai said that on the basis of analyzing the market development situation, the Shanghai Futures Exchange has clarified the "five transformation" strategy led by the "five changes". The main work next year will start from the following aspects:

In terms of the integration of futures and spot, the Shanghai Futures Exchange will rely on the standard warehouse receipt platform to launch swap and basis business, and launch a futures-to-spot quotation area and a related product quotation area. At the same time, using bonded commodities as a breakthrough point and blockchain technology as the foundation, explore the construction of a bulk commodity warehouse receipt registration center.

In terms of domestic and foreign linkages, the Shanghai Futures Exchange will promote the listing of more open-ended products such as shipping index, LNG and naphtha, and study and explore the internationalization of gold futures. At the same time, continue to expand cooperation with overseas exchanges in various modes such as settlement price authorization, continue to promote the introduction of QFII and RQFII in the futures market, and explore the establishment of overseas delivery warehouses for international products.

In terms of green and sustainable development, the Shanghai Futures Exchange will accelerate the establishment of a green derivatives market system that meets the needs of domestic economic transformation, and actively research futures products such as cobalt, hydrogen, ammonia, and electricity, and serve the development of energy industries such as wind, solar, and hydrogen. At the same time, strengthen communication and cooperation with relevant institutions, explore and research the inclusion of "carbon peak, carbon neutral" and ESG elements, and launch green standards and services.

In terms of active technological empowerment, the Shanghai Futures Exchange will focus on “data makes supervision smarter”, strive to build a new generation of trading, settlement, and supervision systems, initiate digital transformation, and improve the level of technological supervision and information integration.

In terms of modern governance and management, the Shanghai Futures Exchange will always adhere to the principle of “system building, non-intervention, and zero tolerance”, and do a good job in the joint supervision of futures and spot products, strictly prevent market manipulation and excessive speculation, and improve the effectiveness of front-line market supervision and governance.

上期所总经理王凤海：加快构建绿色衍生品市场体系

上海期货交易所总经理王凤海12月5日在2021年第17届中国（深圳）国际期货大会上表示，上期所在不断探索中逐步明晰了更好服务实体经济发展的路径。其中，期货市场功能的有效发挥是根本，推进期现一体化发展是关键，高水平对外开放是基础，扩大“朋友圈”是保障。

王凤海说，在辨析市场发展形势的基础上，上期所明确了以“五个成为”为引领的“五大转型”战略布局，明年主要工作将从以下方面展开：

期现一体化方面，上期所将依托标准仓单平台，上线互换、基差业务，上线期转现报价专区、相关品种报价专区等；同时，以保税商品为突破口，以区块链技术为基础，探索建设大宗商品仓单注册登记中心。

境内外联动方面，上期所将推动航运指数、液化天然气、石脑油等更多对外开放品种上市，研究探索黄金期货国际化；同时，继续拓展与境外交易所结算价授权等多种模式的合作，持续推进期货市场引入QFII和RQFII，探索国际化品种境外设立交割库。

绿色可持续发展方面，上期所将加快构建符合国内经济转型需求的绿色衍生品市场体系，积极研究钴、氢能、氨能和电力等期货品种，服务风能、太阳能、氢能等能源行业的发展；同时，加强与相关机构的交流与合作，探索研究纳入“双碳”和ESG元素，推出绿色标准和服务。

科技主动赋能方面，上期所将聚焦“数据让监管更加智慧”，努力做好新一代交易、结算、监查系统建设，开启数字化转型，提升科技监管与信息集成化水平。

现代化治理+管理方面，上期所将始终坚持“建制度、不干预、零容忍”原则，做好期现联动监管，严防市场操纵和过度投机，提升一线市场监管与治理效能。（宋薇萍 陈雨康）