Cotton futures listed improve the system of textile materials futures varieties - today Textile information - Textile net - Textile integrated service provider

Improve the system of textile materials futures varieties to better meet the demand of the real economy on August 18, cotton futures market in zhengzhou on August 18, cotton futures in zhengzhou Commodity Exchange, this is China's futures market since 2016 the first commodity futures varieties. Fang, vice governor of henan province, vice President of the China Securities Regulatory Commission Dai Baihua and party secretary of China textile industry association Gao Yong attended the public ceremony. The listing ceremony, Mr Fang said, cotton textile industry is the traditional pillar industries of national economy and the important industry of the people's livelihood. National goal of cotton prices after the pilot reforms, cotton price fluctuations increase, cotton textile enterprise safe-haven demand. Cotton futures listed, therefore, is not only the need of cotton manufacturing entity service industry, also is the inherent requirement of service national development strategy. Fang believes that the current futures market to carry out the national financial work conference spirit, to do the following work: it is better to promote virtuous cycle, the healthy development of the futures markets and the real economy. To adhere to the fundamental of service entity economy development direction, refraining from trading. Actively guide industry enterprises use of risk management, futures and options to promote stable and healthy development of related industries. Steadily expanding & other; Insurance + futures & throughout; Pilot, strengthen the small micro enterprise, & other; Agriculture, rural areas and farmers & throughout; And futures services in remote areas, power precision of poverty alleviation. The second is to strengthen market supervision and risk prevention and control. To earnestly implement & other; Have found no is dereliction of duty, found that risk without prompt and timely disposal is malfeasance & throughout; Regulatory philosophy, according to the comprehensive regulatory requirements strictly in accordance with the law, strengthen the relationship between actual control account management, to promote information sharing and regulation, crack down on illegal behavior, to protect investors' legitimate rights and interests. Third, actively yet prudently proceed with construction of futures and options market. According to the requirements of the real economy, speed up the agricultural futures varieties of research and development, and other timely launch more new varieties of futures and options, agriculture and other industries to supply better service side structural reforms. To seize the current favorable opportunity to speed up the futures market opening to the outside world. Dai Baihua said that henan province is the largest cotton yarn production, consumption, production ranking second in the country, consumption in sixth place in the country. Cotton futures market, will be for cotton textile industry chain, including henan enterprise, enterprise risk management provides a new tool, to provide new guidance for cotton textile industry structure adjustment, provide new power to service the cotton price target of reform. Gao Yong think, cotton futures listed for the textile industry is a major event and good, is helpful to promote the healthy and stable development of textile industry. A hedging is to provide tools to help cotton textile enterprise management risk, realize the smooth running of the whole industry. The second is to provide authoritative benchmark prices, production capacity and product structure adjustment for cotton textile industry to provide effective reference, power & other; Three to one drop one filling & throughout; Policy implementation of the ground. Three is to improve the textile industry open degree, attract outside capital industry focus on cotton spinning industry. Nan Yang director hua-ping Chen said in listing ceremony, cotton futures, and has been listed on the cotton futures, PTA futures, jointly formed a relatively complete system of textile materials futures varieties. Cotton futures listed marks the nan Yang to the construction of global textile futures trading center and pricing is an important step. Nan Yang will be in accordance with the securities and futures commission & other; High standard, stable starting & throughout; Request, keep in mind the service entity economic fundamental purpose, according to the requirements of the industry and the market operation, optimizing the cotton, cotton yarn, and the PTA futures rules system, a solid market cultivation and promotion work, actively guide textile enterprises use the futures market, promote the cotton, cotton yarn and PTA futures market function into full play, to better meet the demand of real economy pricing and risk management, better service and support the cotton price target of reform. In the listing ceremony, fang and Dai Baihua jointly launched the cotton futures market. From the National Development and Reform Commission, the ministry of agriculture, Ministry of Commerce, the securities and futures commission authority department, government of henan province, zhengzhou city government, China textile industry association, China cotton textile industry association, the China futures association, relevant exchanges and news media representatives attended the ceremony.