Impact Of Bond Futures Listing On Cotton Textile Industry

The Treasury futures trading, suspended in P 1995, returned to the Chinese perspective after 18 years.

In September 6, 2013, treasury bond futures began trading on the China Financial Futures Exchange. Xiao Gang, chairman of the China Securities Regulatory Commission, said at the ceremony that the listing of Treasury futures marks a new stage of development of China's futures derivatives market.

The reporter first called the Jinshi Futures Research Institute to find out the significance of this action to the industry of < a target= "_blank" href= "http://www.91se91.com/" > textile < /a >.

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< p > first, the listing of treasury bond futures is conducive to the establishment of a market-oriented pricing mechanism.

The listing of treasury bond futures, improving the issuance system of national debt, promoting the marketization of interest rates, and guiding the optimal allocation of resources are conducive to the diversification of risk management tools. With the development of the bond market, the demand for interest rate volatility risks of various market players has become increasingly strong. Treasury bond futures provide more risk prevention tools and asset allocation methods for financial institutions, which is conducive to improving the innovative mechanism of financial institutions. As a real economy, the cotton textile industry will enjoy more diversified and rationalized services provided by financial institutions in the future.

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< p >, secondly, < a href= "http://sjfzxm.com/news/index_cj.as" > treasury bond futures listing < /a >, has fired the first shot of interest rate marketization reform.

The future financial futures derivatives market, such as interest rate futures and exchange rate futures, will further develop, all of which are aimed at promoting the internationalization process of RMB.

The issue of RMB exchange rate has become one of the main problems facing cotton textile enterprises. Export oriented cotton spinning enterprises have been struggling under the enormous pressure of appreciation of RMB exchange rate in recent years. The main reason is that the RMB is not internationalized, the exchange rate fluctuates greatly, and it is also vulnerable to other countries and other factors. The income of cotton spinning enterprises is also eroded by the fluctuation of exchange rate step by step.

The listing and trading of treasury bonds and the further development of the futures market in the later stage will promote the internationalization of RMB. This embarrassing situation will be gradually changed. Cotton textile enterprises will also benefit from it and the pressure of operation will be further reduced.

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< p > again, with the continuous development of the futures market, there are more and more varieties on the market.

In terms of varieties, there are more and more financial futures derivatives, while the development of traditional commodity futures tends to focus on the direction of the whole industry chain.

Coal char and soybean meal have formed a variety involving the whole industry chain.

Later, along with the further development of the market, cotton yarn futures will also be traded. This will lead to the formation of the whole industry chain which involves the cotton industry. The whole cotton industry can participate in hedging to avoid price risk.

Cotton textile enterprises can carry out multi-channel and diversified operation through cotton yarn futures.

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< p > the listing of treasury bond futures is like opening a window. What we see at the moment is just the tip of the iceberg.

The significance and role of its listed pactions will be gradually reflected in the coming years.

Yang Guoqi believes that as China's first interest rate derivatives on the floor, the listing of treasury bond futures indicates that China's futures derivatives market has entered a new stage of development. What will bring us will be more intimate services, easier business environment, more risk aversion and more diversified "a href=" http://sjfzxm.com/news/index_c.asp "/a" concept.

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