March 27, 2014
By Chen Yunfu
According to information from the Shanghai Futures Exchange (SHFE) on March 26, the SHFE signed a strategic cooperation framework agreement with the China Electricity Council (CEC) a few days ago. They will strengthen cooperation on products, derivatives, and financial service innovation related to electricity futures and will conduct research and share their achievements and resources together.
According to the agreement, the SHFE and CEC will conduct research and share their achievements and resources together on such prospective problems as the construction of electricity market system, the electricity futures trading, and the market regulation; they will strengthen their cooperation and research on relevant products, derivatives, and relevant financial service innovation related to electricity futures to promote the deepening of their recognition in their fields, the development of their new products and businesses, and the expansion of their comprehensive business lines; and they will strengthen their information exchange.
It is learnt that the SHFE has conducted 10-year’s systematic and continuous research on electricity futures. The current cooperation will promote the SHFE and CEC to jointly research and discuss such electricity futures related fields as electricity spot market, electricity trading, power generation side, and demand side, so as to realize the goal of promoting electricity futures to serve the real economy and serve the reform of electricity market.
Some market insiders said that with the continuous strengthening of the electricity market’s marketization level and the relatively clear market policies, the prerequisites and policy-and-system-related guarantees have been ready on the whole for the listing of electricity futures. Promoting the research and listing of electricity futures is of great significance to the improvement of China’s energy futures series, the form of products’ clustering effect, and the increase of professional competitive edge.
“After the listing of electricity futures, futures market’s price-finding function can provide domestic electricity market with pricing basis, promote technical progress, industrial upgrading, and eliminate outdated capacity, which helps to urge the effective implementation of national electricity policies, thus further enhancing the overall operational efficiency of the electricity market system.” Market insiders believed that futures market’s hedging function can provide power-generation enterprises and power-consuming enterprises with risk management instruments and promote continuous, sound, and steady development of power-generation enterprises.
Products Specs
Trading Calender
Fees
Rules
Education
Back to Top
沪公网安备 31011502008304号