Iron ore futures international work has been ready

www。 shcaojin。 Cn/October 11, 2017 in recent years, China's futures market average annual turnover of more than one hundred trillion yuan, the number of futures transaction scale among the world top. The international influence of 'China price', however, has yet to be strengthened. As the world's largest commodity importers and consumers, as the international commodity price continuously strengthen financialization, open futures markets, it is imperative to improve the 'China price' influence. 'At present, the international commodity trade dollars, the international influence of China's price is not enough, restricted the efficiency of import and export trade in our country, affecting the renminbi internationalisation, also limits the degree to which China's effective participation in global economic governance. 'Dalian director zheng-qiang li said. 'China is the world's largest iron ore importer and consumer, and from iron ore to steel, including coking coal, coke and other accessories, existing mature futures varieties, formed the industrial chain of closed loop, risk management industry enterprises participation is higher. 'In zheng-qiang li view, select the international iron ore futures variety, its advantage lies in the entity trade, supply and demand, market maturity is high, the enterprise participation, exchange in the maintenance of market running smoothly, and prevent market risks have plenty of experience accumulated. At present, with the aim of international crude oil futures have obtained the approval of the State Council, the preparation work is underway in listing; Iron ore futures international work has ready, ready for regulatory review. Rooted in China's vast economy dimension and the huge development potential, the futures exchange as an important financial infrastructure, can play the role of the locomotive, actively explore, together with the financial industry, out of a in China's current national conditions, fit the present reform of futures service road to the real economy. 'Zheng-qiang li said. ( Article source: Xinhua News Agency)