On February 19, Dalian Commodity Exchange (DCE) held a forum for the members to compare notes on the 2014 key arrangements for the market work of DCE and discuss the orientations of the work related to the futures companies under the new situation. The leadership in Dalian and the officials of relevant departments of DCE attended the forum, with the representatives of more than 20 futures companies in attendance at invitation.
At the beginning of the forum, a DCE official briefed the attendees on the market work in 2013 and the arrangements for the key work on the market. He said that with the strong support of all the member units, in 2013 DCE constantly deepened the market work and made new achievements in the market development. In 2014 DCE will make effective efforts in the following key tasks in the market work: DCE will, under the unified arrangements of the China Securities Regulatory Commission (CSRC), continue to promote the development of options, after-hour trading, index derivatives and new fields; DCE will make further and substantial efforts in refining the listed products and improve the capacity for serving the real economy; DCE will, on the basis of the iron ore futures, steadily push forward the opening up of the market; DCE will continue to optimize the hedging, arbitrage, risk control and other related systems so as to improve the operational efficiency of the market; DCE will further strengthen the cooperation with commercial banks, industry associations and leading industrial enterprises, step up the market cultivation and perfect the market structure; DCE will further deepen the services for the members, enhance the support for and the cooperation with the members and continue to boost the capacity in technical services for members and investors; DCE will intensify the market self-regulation and risk prevention, safeguard the principle of “openness, fairness and justness” and protect the legitimate interests of members and investors.
The attendees spoke highly of DCE’s work in last year and work arrangements for this year, saying that DCE’s work has highlighted the adaptation to the market transformation and the improvement in the capacity for the market service under the new situation, and providing pertinent opinions and suggestions on DCE’s work in promoting the development of the OTC market, market opening up, training of the industrial personnel, technical services and other aspects. The attendees also analyzed the current market conditions, believing that with the general trend of the futures industry in market-oriented, institutional and international development, the futures companies should enhance the awareness of innovation and the sense of urgency, vigorously implement the transformation, improve the core competitiveness on the market, and join hands with DCE to make contributions to the rapid and steady development of the industry.
The official pointed out that the year of 2014 will see the all-around deepening of reform in China as well as the regulatory transformation and reform expectation for the futures industry. Under the new situation, DCE will actively adapt to market changes, and join hands with the member units to make effective efforts in the cultivation of and service for investors, industrial clients and financial institutions; DCE will continue to listen to and take the opinions and suggestions of the members and investors through visits, communications, forums and other means, in a bid to continuously improve the work and further enhance DCE’s level and capacity for serving the members and investors.
