Beijing, October 12, 2024 – The Europe Today: China has introduced a comprehensive set of guidelines aimed at enhancing the regulation of its futures market, with the goal of preventing risks and promoting stable, high-quality development. The guidelines, forwarded by the General Office of the State Council on Friday, aim to strengthen the market’s role in supporting industrial, supply chain, and financial security, while also stabilizing social expectations and contributing to the growth of the real economy.
According to the guidelines, by 2029, China plans to establish a regulatory futures system and business model tailored to the country’s unique characteristics. This framework is expected to lay the foundation for a more secure and standardized market. By 2035, the goal is to create a transparent, open, vibrant, and resilient futures market system, with major commodities drawing the participation of global traders.
The guidelines also outline long-term aspirations, targeting the mid-21st century for the establishment of a world-class futures exchange. This exchange would offer a broad range of products, comprehensive services, and stable operations, contributing to China’s global financial leadership.
To achieve these objectives, China will intensify efforts to supervise futures trading activities, crack down on illegal practices, and steadily promote the opening-up of the market to international participants, in line with the guidelines set forth by agencies such as the China Securities Regulatory Commission. These measures are part of the country’s broader strategy to secure and enhance its financial infrastructure while maintaining the stability of the futures market.
