CFFEX Notice〔2022〕 No.67

To express the incomparable esteem and profound mourning for Comrade Jiang Zemin, in accordance with the announcement of the China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) has decided to suspend trading for three minutes during the mourning session of the memorial meeting for Comrade Jiang Zemin in the morning of December 6, 2022. Trading will be resumed after the mourning session.

China Financial Futures Exchange

December 4, 2022           

On October 13, the Economic and Financial Commission of the Chinese People's Political Consultative Conference Shanghai Municipal Committee (CPPCC Shanghai Committee) visited China Financial Futures Exchange (CFFEX) to learn about the latest developments in the financial futures market. 

Mr. Shou Ziqi, Vice Chairman of the CPPCC Shanghai Committee, noted that it is important to fully understand the role of the financial futures market in building Shanghai international financial center and the progress CFFEX has registered over the past decade. CFFEX should continue expanding financial futures and options offerings to help Shanghai build a more internationally competitive financial market and product suite, and to better serve the development endeavors of Shanghai international financial center. It is equally imperative to support banks, insurance companies and other institutional investors to access the financial futures market, in a bid to foster a sound ecosystem featuring improved institutional participation, and at the same time, step up its efforts in the opening-up of the financial futures market to enhance its appeal to global capital, thus making tangible contributions to China's real economy.

Mr. He Qingwen, Secretary of the CPC CFFEX Committee and CFFEX Chairman, introduced the development of the financial futures market in recent years, especially highlighting efforts made by CFFEX since the beginning of this year in maintaining operational safety, combating the pandemic, implementing rectification following inspection by the Central Commission for Discipline Inspection, and promoting high-quality development. Mr. He expressed sincere gratitude to Shanghai's strong support, without which CFFEX's achievements would not have been possible. Next, CFFEX will continue its growth endeavors with a keen focus on stability and safety, so as to better serve the capital market and Shanghai international financial center.

During the meeting, members of the Economic and Financial Commission also offered insights and suggestions on highly relevant topics such as foreign exchange futures development, financial futures market cultivation, legal services and technology empowerment in the financial market, access route for insurance funds, the Futures Law and further expansion of futures product offerings, among others.