Dalian Commodity Exchange (DCE) held the Sharing Session on Progress in Taiwan Capital Market’s Diversification and Opening-up in Shanghai on May 24. The participants shared the internationalization experience of the capital market, in a bid to fuel the strategic transformation of the derivatives market’s diversification and opening-up.
At the session, two experts from Taiwan, Mr. Hong Mingnan and Mr. Gao Zijian, offered precious opinions on how to accelerate the internationalization of the commodity futures products in China’s mainland, how to promote the internationalization of the exchange and how to cultivate talents for the international market in combination with their working experience in both sides of the Taiwan Straits.
A DCE official said that under the new circumstance of the strengthened reform and opening-up of the Chinese derivatives market, DCE has committed to enhancing the pricing influence of China’s bulk commodities in the world and exploring the international path of China’s featured futures products. Since iron ore futures ushered in overseas traders on May 4, 2018, the Chinese iron ore futures market has changed from a regional market to a global one and realized the industry chain risk management across the world. Up till now, 125 overseas clients from 12 countries and regions including Hong Kong, Singapore, the UK, Australia and Japan have opened accounts, including industry clients like Glencore and Mercuria, and progressive increase has been seen in the overall trading volume of overseas clients. In the future, DCE will continuously explore in the strengthened reform and opening-up of the Chinese derivatives market and make unremitting efforts in building a world-class, diversified and open derivatives exchange in the world.
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