Date： March 7, 2014
Source:Shanghai Securities News

　　The “2013 Development Report on China's Futures Market”, released recently in both Chinese and English by the Shanghai Institute of Futures and Derivatives, summarizes the development and progress of Chinese futures and derivatives market in 2013 from four aspects as well as looks ahead to the future development.
　　Statistics show that on a unilateral basis, China's futures market in 2013 reached its volume and turnover at 2.062 billion contracts and RMB267.47 trillion, up by 42.21% and 56.31% year on year, respectively.
　　China continues to occupy an important position in the global futures market. According to the Futures Industry Association (FIA) statistics of yearly trading volume in 2013, the Dalian Commodity Exchange (DCE), the Shanghai Futures Exchange (SHFE), the Zhengzhou Commodity Exchange (ZCE) and the China Financial Futures Exchange (CFFEX) ranked the world’s 11th, 12th, 13th and 19th respectively, in terms of trading volume. The ranking of former three exchanges remained unchanged, while the CFFEX managed to edge in more front. As for commodity categories, China boasts many products in top 3. In agricultural products, soybean ranked first with the trading volume at 265,357.6 thousand contracts, rapeseed meal ranked second with the trading volume at 160,100.4 thousand contracts and soybean oil ranked third with the trading volume at 96334.7 thousand contracts. In metal products, rebar ranked first with the trading volume at 293,728.9 thousand contracts, copper ranked second with the trading volume at 64,295.9 thousand contracts. In precious metals products, silver ranked first with the volume at 173,222.6 contracts.
　　Adopting a highly-anticipated attitude towards the future of China's futures market, the report predicts that China's futures market is expected in 2014 to further prop up the development of the real economy, accelerate the multi-level construction of capital market and promote a stable and healthy development of macroeconomics. China will continue to promote the launch of strategic products such as crude oil futures as well as develop new trading instruments including commodity options and commodity index in a steady manner. Meanwhile, the construction of the financial derivatives market will be accelerated to boost innovation of financial instruments such as foreign exchange futures, stock index options and individual equity options. We shall advance the construction of OTC derivatives market and support entity enterprises and financial institutions to develop tailored derivatives such as forward, swaps and OTC options as well as boost the construction of supporting facilities for OTC derivatives.