The Number Of Stock Index Futures Accounts For 29 Thousand.

The China Financial Futures Exchange recently held the first phase of stock index futures hedging training. Zhu Yuchen, general manager of CICC, said at the opening ceremony that we should strictly supervise and give full play to the functions and carefully build a healthy and standardized stock index futures market.

According to the introduction, the stock index futures market has been running smoothly for a month and a half. The IF1005 contract has been successfully delivered, investors have been involved in a more rational way, the spot price is better fitted, the market is strictly regulated, and the operation is more standardized. As of 28 days, stock index futures opened 29 thousand households, and 24 thousand customers participated in the transaction. The average daily turnover was 220 thousand. The average daily positions were 12 thousand hands (28 days, 20 thousand positions held), the daily average capital of the market was about 8 billion 400 million yuan, the average daily trading margin was 3 billion 300 million yuan, and the average daily market capital utilization rate was 39%.

Generally speaking, the market operation has the following characteristics: first, the market is running more rational and mature. The two is the stable operation of the technology system and smooth business process. Three, risk control is effective without settlement risk. Four, strict market monitoring, timely detection, timely reporting and timely handling. The five is to carry out hedging business in an orderly way.

Zhu Yuchen said that the next step is that CICC will continue to adhere to the requirements of "high standards, stable starting and strict supervision", take the lead in strong supervision, grasp the market function and take the risk of controlling market risk as the primary objective, firmly guard against the bottom line of systematic risk, and speed up the pace of development in line with the regulatory capability. The pace of innovation is matched with the level of risk control, in-depth study of new problems and new situations in the market changes, actively explore the operation rules of stock index futures market, constantly improve the cross market supervision mechanism, and build a stock index futures market regulated by Fan Touming and strictly regulated.

CICC will focus on two aspects: one is to guard against risks and standardize management. We should adopt a very prudent attitude and the most stringent risk control measures to effectively ensure that risks can be measured, controlled and affordable, and that the market will grow from small to large and develop step by step. The two is to give full play to the market function and carry forward the culture of avoiding risks. To position the stock index futures market as a niche market, a specialized risk management market does not pursue the volume of transactions, does not pursue the speed of development, does not pursue the market scale, emphasizes the quality of market development, will hold high the banner of "hedging", and let the stock index futures market serve as a hedge market and hedge market for institutional investors.

It is understood that, in order to help investors and industry personnel to become familiar with stock index futures as soon as possible, CICC has continuously launched the stock index futures hedging seminar since May, mainly for senior managers and relevant business leaders of Futures Company, securities companies and fund companies.