Dalian Commodity Exchange President Liu Xingqiang Proposes To Promote The Development Of New Rural Economic Organizations

As a deputy to the 11th National People's Congress, the President and CEO of DCE, Mr. Liu Xingqiang proposed to increase the role of futures markets in promoting new rural economic organizations and thus contribute to the "Building of New Socialist Countryside." The new farmers' cooperative organizations are going to flourish due to the issue of the Law on Farmers' Specialized Cooperative Organizations. However, as China now adopts the market economy and our economy is open up to the outside world, new farmers' cooperative organizations will be exposed to high market risks, which could impair the sustainability of farmers' originations and discourage farmers to join cooperative organizations. In such Circumstances, we shall use the futures market system to reduce the operational risks of farmers' organizations through different tools, and ensure the stable operation of new rural economic organizations. This will be an effective way to increase farmers' income and promote the "Building of New Socialist Countryside"