SHANGHAI SECURITIES NEWS: THE SHFE PROMOTES PREPARATION OF LISTING IMIC FUTURES

Updated on Jun 18,2014

June 18, 2014

By Ruan Xiaoqin

The Shanghai Futures Exchange (SHFE) released the “Concentrated Reply to Opinions and Suggestions at the 2014 Regional Members Symposium” through its member service system, which pointed out that the SHFE will actively develop the derivatives business of commodity futures in 2014, such as promoting the preparation for listing the IMCI (Industrial Metal Commodity Index) futures.

In terms of such problems as derivatives development, market opening-up, strategic development, and industrial innovation, the SHFE pointed out the following aspects in its reply. First, it will actively develop the derivatives business of commodity futures, such as promoting the preparatory work of listing the IMCI (Industrial Metal Commodity Index) futures of the SHFE and meanwhile facilitating and supporting financial institutions’ innovative products development with IMCI futures as the target. Second, it will optimize investor structure. For example, it can conduct strategic cooperation with financial institutions (including banks), government offices, and industry associations, implementing the cooperation content in terms of product innovation, project research, market activities, and industrial services, and increasing the width and depth of market services; it can also organize the brand activity of “Walking together with Institutional Investors” to provide institutional investors and professional investors with a information exchange platform. Third, it will seize the opportunity to implement the opening-up strategy and accelerate the pace of being integrated into the international market. Fourth, it will actively handle industry reform, encourage and guide innovative development. For example, it will prepare for the listing of crude oil futures, usher in overseas investors, and promote the early opening-up of qualified products.