Feng Bo, CEO, Dalian Commodity Exchange: Domestic Futures Market Able To Serve Countries Along “One Belt And One Road”

During the round-table discussion of the “Display of Futures Market’s Functions under the One Belt and One Road Strategy”, a special session of the “12th Shanghai Derivatives Market Forum” held in Shanghai on May 28, Feng Bo, CEO of Dalian Commodity Exchange (DCE), pointed out that after the development of over 20 years, China’s futures market has possessed the capacity to serve “One Belt and One Road”, and DCE will, by focusing on iron ore and palm olein futures products, promote the market’s internationalization, so as to better serve the promotion of “One Belt and One Road” strategy and the development of the real economy.

Feng said that to serve the implementation of the “One Road and One Belt” strategy, DCE will conduct substantial promotion in the internationalization of iron ore and palm olein. He said that the liquidity of iron ore futures has kept increasing since its listing in 2013, and it has become one of the most active products of DCE. Palm olein is a purely imported product, and as China is a large palm olein import country, the trading of palm olein futures in China is very active; and Malaysia, an important export country of palm olein along “One Belt and One Road”, also has corresponding derivatives, which is the basis for both sides to further deepen the cooperation and allow enterprises to conduct cross-market hedging and arbitrage. Therefore, to promote the market’s internationalization and to serve the countries along “One Belt and One Road” are not only the aspiration of the futures exchange, but also the real enterprises’ actual requirements on the futures market.