There is new news about Guangzhou Futures Exchange!

With the end of the year approaching, the progress of the preparation and construction of the Guangzhou Institute has continued to attract the attention of the market. In his speech at the 16th China (Shenzhen) International Futures Conference held a few days ago, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said that in accordance with the arrangements of the just-concluded Central Economic work Conference, it will speed up the work of the futures market and actively serve the high-quality development of the economy.

Fang Xinghai proposed to further consolidate the foundation of the futures market around price discovery, which is the core function of the futures market, and study the introduction of carbon emission rights futures to help achieve carbon peak in 2030 and carbon neutralization in 2060. He also revealed that the work of the new futures exchange is coming to an end.

In the recent announcement of the 14th five-year Plan of Guangdong Province and the proposal for the long-term goal of 2035, the status of Guangzhou Futures Exchange (hereinafter referred to as Guangzhou Futures Exchange) is once again clear.

It is suggested that we should speed up the development of modern industries and build a higher-level modern economic system. With regard to the construction of a modern financial system, we should vigorously develop multi-level capital markets, with Shenzhen Stock Exchange and Guangqi as the core, promote the construction of capital, futures and other factor markets, improve the quality of listed companies, and increase the proportion of direct financing.

As a matter of fact, the wide period has been brewing for a long time. The outline of Guangdong-Hong Kong-Macau Greater Bay Area's Development Plan, issued at the beginning of 2019, proposes to support Guangzhou in building a pilot zone for green financial reform and innovation, and to study the establishment of an innovative futures exchange with carbon emissions as the first variety. The "opinions on Financial support for Guangdong-Hong Kong-Macau Greater Bay Area's Construction" issued in May this year further proposed that it is necessary to study the construction of an extensive period of research, as well as to carry out pilot projects on carbon emissions and foreign exchange. The Guangzhou Municipal Government Executive meeting examined and approved the Action Plan on implementing the opinions on Financial support for Guangdong-Hong Kong-Macau Greater Bay Area's Construction on September 2, pointing out that Guangzhou is currently cooperating with relevant state ministries to do a good job in exchange landing and trading variety research reserve.

On October 9, the China Securities Regulatory Commission announced that the preparatory group of the Guangzhou Institute was officially established, which marked the beginning of the substantive stage of the establishment of the Institute. Since the establishment of the preparatory group of the Guangzhou period, there has been news in the market that all the members of the market are expected to be listed this year. According to Cai xin, it was proposed at the first working meeting of the preparatory group of the China Securities Regulatory Commission that the planned wide period would be unveiled in mid-December.

At the 17th Global Annual meeting of the International Financial Forum (IFF) (F20 Summit), Chen Zhiying, member of the standing Committee of the Guangzhou Municipal CPC Committee and executive vice mayor, said that the successful establishment of the Guangzhou Institute has not only further improved the construction of China's capital market system, but will also help Guangdong-Hong Kong-Macau Greater Bay Area grasp the pricing power of financial commodities and commodities, and greatly enhance the strategic security of commodities in Guangdong and even the whole country. At the same time, a number of banks, securities, funds, futures companies and other financial institutions and headquarters enterprises will be gathered around the Guangzhou Institute to enhance the ability of Guangzhou to provide financial services to the real economy.

On the official website of the Guangzhou Municipal people's Government, the General Office of the Guangzhou Municipal people's Government also disclosed the latest progress in supporting the construction of the Guangzhou Municipal people's Government and promoting the establishment of international commercial banks in the Dawan area. In accordance with the annual phased work target, preparations for the construction of the site will be carried out in the fourth quarter of this year, and at the same time, a plan for the construction of Guangdong-Hong Kong-Macau Greater Bay Area will be formulated and submitted to the provincial government. At present, the relevant work is being carried out as planned.