Aluminum options and zinc options are listed on the Shanghai Futures Exchange today.

SMM8 March 10: aluminum options and zinc options are officially listed for trading on the Shanghai Futures Exchange today. Now the last issue has launched copper and gold, aluminum, zinc four options.

Trafigura, Chinalco International Trade, Cofco Qidfeng (Beijing) Trading and other companies have become the first batch of unit customers of aluminum options and zinc options.

Li Jun, deputy director of the Shanghai Municipal Financial work Bureau, said that the simultaneous listing of aluminum and zinc options will further enrich the series of derivative products in the non-ferrous metals industry and meet the refined and diversified needs of enterprise risk management. expand the breadth and depth of financial markets to serve the real economy, enhance Shanghai's ability to allocate global financial resources, and constantly enhance the radiation and global influence of Shanghai's international financial center. For Shanghai to upgrade the city's energy level, start the "Shanghai Service" brand to provide strong support.

Liu Jianping, deputy general manager of Chinalco Group, said that as futures derivatives, aluminum options and zinc options listed today will form a joint force with aluminum futures and zinc futures to provide more diversified risk management tools for enterprises in the non-ferrous metals industry chain. meet the fine risk management needs of enterprises, enhance the sound operating level of enterprises, and further enhance the competitiveness of enterprises.

The development and innovation of China's onshore derivatives market have enabled us to hedge risks in different ways, said Trafigura Global CEO Jeremy Weir. The next decade will continue to focus on China's development.

Tang Guojing, general manager of Huatai Great Wall Capital Management Co., Ltd., said that in the risk management application of non-ferrous metals-related enterprises, options can rely on their multi-dimensional risk management characteristics to cooperate with futures, forwards and other derivatives to help enterprises achieve refined and professional price risk management. The aluminum and zinc options introduced last year will help to enrich corporate risk management tools and strategies, and at the same time improve the effectiveness of over-the-counter option pricing and enrich the risk hedging means of over-the-counter options. the coordination of over-the-counter options will actively give full play to the function of the futures market and further promote the development and upgrading of the domestic financial derivatives market.

Jiang Yan, chairman of the Shanghai Futures Exchange, attended and gave a speech of thanks: today, aluminum options and zinc options are officially listed for trading. These are two kinds of non-ferrous metal options introduced by the Shanghai Futures Exchange after copper options, natural rubber options and gold options. Here, on behalf of the Shanghai Futures Exchange, I would like to extend a warm welcome to all the leaders and guests who attended the meeting on the spot and online.

Aluminum and zinc are important kinds of metals in non-ferrous metals industry, which are widely used in construction, transportation, power electronics, consumer goods and other industries and fields. Over the years, China's aluminum and zinc production, processing and consumption are ranked first in the world, there are many upstream and downstream enterprises in the industrial chain, and there is a strong demand for risk management.

Aluminum futures and zinc futures were listed in 1992 and 2007 respectively. After years of development, the market scale is large, the contract liquidity is good, and the investor structure is reasonable. It has become an important risk management tool in China's non-ferrous metals industry. In the first half of 2020, under the background of novel coronavirus epidemic and sharp fluctuations in the commodity market, the Shanghai non-ferrous metal futures market strongly supported the industry to hedge risk, fight epidemic and resume production, and played an important role in hedging and avoiding price risk.

Listing options based on aluminum and zinc, two mature non-ferrous metal futures, has a good market foundation, is an effective supplement to the aluminum and zinc futures market, and can effectively improve the efficiency and accuracy of industrial chain enterprises in risk management. to meet the increasingly diversified, refined and personalized risk management needs of physical enterprises, under the background of deepening the structural reform on the financial supply side in our country, Promote the organic integration of options with the underlying spot and futures markets.

In the process of developing listed aluminum and zinc options, we have received guidance, support and help from relevant ministries and commissions, Shanghai, non-ferrous metal industry associations, non-ferrous metal industry enterprises, member units, market institutions, designated depository banks, news media and all walks of life. Here, I would like to express my most sincere thanks to the leaders, colleagues and friends of all parties concerned who care about and support the listing of aluminum options and zinc options.

Ladies and gentlemen, this year marks the end of building a moderately prosperous society in all respects and the 13th five-year Plan, as well as the 30th anniversary of the establishment of the capital market. The last phase of the institute will adhere to Xi Jinping's thinking on socialism with Chinese characteristics in the new era as a guide, revolve around the tasks of "six stability" and "six guarantees", and under the strong leadership of the party committee of the CSRC, bear in mind the "four awe and one joint force." we will firmly implement the requirements for comprehensively deepening capital market reform. Adhere to the overall policy of stable character and steady progress, deepen the construction of work style, serve the national strategy, strengthen the exertion of functions, optimize the allocation of resources, and help enterprises improve quality and efficiency; speed up the pace of reform and innovation, in accordance with the development goal of "one main body and two wings", continue to launch options products of existing futures varieties, speed up the introduction of shipping index and other derivatives, and steadily expand the tradable varieties of standard warehouse receipts. We will firmly open wider to the outside world, speed up the internationalization of existing varieties, constantly enhance the openness of the market and the convenience of investment, and contribute to the construction of a standardized, transparent, open, dynamic and resilient capital market.

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