The 19th China-ASEAN Expo was held in Nanning, Guangxi Province from September 16 to 19, 2022. On September 17, Vice President of Dalian Commodity Exchange (DCE) Yu Li delivered a speech focusing on futures exchanges’ responsibilities in China-ASEAN financial cooperation under the RCEP framework at the 14th China-ASEAN Summit Forum on Financial Cooperation & Development. Futures exchanges can play a positive role in serving the member countries of the Regional Comprehensive Economic Partnership Agreement (“RCEP”) in terms of “stable supply and price of bulk commodities”, and “steady growth of regional economy”, said Yu Li. She also noted that DCE is ready to serve as a price information center and a risk management center in China-ASEAN financial cooperation under the RCEP framework, so as to support Guangxi in building a “bridgehead” for the financial cooperation.
Yu Li said that the global industrial chain and supply chain are facing unprecedented challenges, and therefore enterprises show an even stronger demand for risk management. As a key tool for the enterprises to discover prices and manage risks, the futures market has become a crucial channel for the real economies to stabilize profits and supply chains. Some of the RCEP member countries are important producers of raw materials listed on DCE. In recent years, DCE has continued to make efforts in launching palm olein derivatives and other products, and provided effective risk management channels for relevant ASEAN-based industrial enterprises through different measures including opening up to overseas traders, diversifying options tools and promoting cross-border ETF listing. For next step, DCE will continue to enhance cooperation with financial institutions and industry enterprises including Bursa Malaysia Derivatives Exchange and Singapore Exchange. DCE will also continue to deepen regulatory communication, increase delivery sites, explore co-listing and strengthen market development. By doing so, DCE aims to facilitate the building of commodity price information center and risk management center, and provide futures solutions with Chinese characteristics so as to promote China-ASEAN financial cooperation under the RCEP framework.
