www.chinadaily.com.cn Open in urlscan Pro
79.133.177.229  Public Scan

Form analysis
1 forms found in the DOM

Name: searchform — GET //newssearch.chinadaily.com.cn/en/search

<form name="searchform" method="get" action="//newssearch.chinadaily.com.cn/en/search" onsubmit="return do_search(this)" target="_blank">
  <input name="query" id="searchText" onfocus="cleanword(this)" type="text">
  <span><img src="//www.chinadaily.com.cn/image_e/2016/fdj_art.gif" onclick="javascript:searchform.submit()"></span>
</form>

Text Content

 * Search
 * HOME
 * CHINA
 * WORLD
 * BUSINESS
 * LIFESTYLE
 * CULTURE
 * TRAVEL
 * WATCHTHIS
 * SPORTS
 * OPINION
 * REGIONAL
 * FORUM
 * NEWSPAPER
 * MOBILE

Global EditionASIA 中文双语Français

 * HOME
 * CHINA
 * WORLD
 * BUSINESS
 * LIFESTYLE
 * CULTURE
 * TRAVEL
 * WATCHTHIS
 * SPORTS
 * OPINION
 * REGIONAL
 * FORUM
 * NEWSPAPER
   * China Daily PDF
   * China Daily E-paper
 * MOBILE

Business
 * Macro
 * Companies
 * Industries
 * Technology
 * Motoring
 * China Data
 * Finance
 * Top 10

Home / Business / Finance
 1. Home
 2. Business
 3. Finance
    





PLAN UNDERLINES CRUDE FUTURES IN DALIAN

By SHI JING in Shanghai | China Daily | Updated: 2021-10-27 08:55
Share
Share - WeChat

CLOSE
An employee of gas and oil storage service in Liaohe Oilfield, Liaoning
province, checks facilities. [Photo/Xinhua]

The Dalian Commodity Exchange should consider rolling out crude oil futures for
the Northeastern Asian market so that financial tools can better serve the real
economy, said a plan released on Tuesday.

The proposal is part of a plan for high-quality development in the coastal area
in Liaoning province released by National Development and Reform Commission, the
country's top economic regulator.

The proposed study to explore crude futures will be part of the Dalian Commodity
Exchange's development for product innovation and deepened opening-up, said the
plan.

Crude oil futures were first launched at the Shanghai Futures Exchange in March
2018. For more than three years, the product has become the world's
third-largest in terms of trading volume. It has also become a pricing benchmark
in the Northeast Asian oil market, which is especially true since the COVID-19
outbreak, said industry experts.

Cooperation between the futures and spot markets should be further deepened at
the Dalian Commodity Exchange. A registration center for commodities' warehouse
receipts should be set up, while over-the-counter businesses should also be
explored steadily. The positioning and mapping of the energy exchanges in the
coastal area should be adjusted and optimized to improve the exchanges' business
scale and service quality, the plan stated.

During a visit to the Dalian Commodity Exchange on Sunday, Li Lecheng, acting
governor of Liaoning province, said that the exchange should make continued
efforts toward innovation to provide more products to the market and better
serve the real economy. It is integral to Liaoning's further opening-up and
market evolution, he said.

Meanwhile, addressing the Shanghai Stock Exchange Global Investors Conference
2021 on Monday, Fang Xinghai, vice-chairman of the China Securities Regulatory
Commission, said the country's futures market will be further opened up so that
international investors will be provided with more diversified choices and risk
management tools.

The financial market will play an important role in the high-quality development
of Liaoning's coastal area, the plan stated. On one hand, financial institutions
should provide more credit for privately owned enterprises, especially small and
medium-sized enterprises.

Loans provided based on SMEs' credit should be more widely promoted. Credit
information should be shared among the six cities in Liaoning's coastal area.
Insurance companies should play a larger role in the area's development.

Also, direct financing channels should be further expanded. Qualified companies
in Liaoning's coastal area should be supported to go public or issue bonds.

Financial services should be further improved to better facilitate the
development of companies specializing in energy reservation, environmental
protection and clean energy in the area, said the plan.

Covering a total land area of 56,500 square kilometers, the coastal area of
Liaoning is made of six cities, including Dalian, Dandong, Jinzhou, Yingkou,
Panjin and Huludao. The area also boasts a coastline stretching 2,920
kilometers. The six cities' combined GDP was 1.2 trillion yuan ($188 billion) in
2020.

According to Liang Qidong of the Liaoning Academy of Social Sciences, the
high-quality development of Liaoning's coastal area will enhance the opening-up
of China's northeastern part and help the country better participate in the
economic cooperation of Northeast Asia.






Related Stories
 * Hope for Africa's energy industry persists despite COVID-19
 * China's crude oil output picks up in September
 * Xi hails Yellow River Basin progress
 * Stocks end mostly higher, enough for S&P 500 to set record
 * Changqing oilfield produces over 800m tons of oil, gas over 51 yrs

Photo
Preparations underway for 4th CIIE
Highlights from Wuhan Motor Show
Scientific, technological achievements of China grab attention
Quotable quotes from 2021 Financial Street Forum
High-tech conference Apsara opens in Hangzhou
Top 10 Chinese brands for historical and cultural heritage
Most Viewed in 24 Hours
 * Top 10 Chinese districts in prefecture-level cities
 * Images: 18th OVC expo in Wuhan
 * Top 10 supermarkets in China by sales
 * AIIB: Clean energy funding can tackle shortages
 * Top 10 Influential Brands of 2021 in Asia



State Council News
China, ASEAN to launch joint feasibility study about ACFTA
Premier to attend series of leaders' meetings on East Asia cooperation
Top 10
Top 10 supermarkets in China by sales
Business focus
Virtual friends called growing trend
AI catching up with higher human creativity

China Data
China's ODI, by the numbers
SOEs
CSCEC unit to ramp up infrastructure
More SOEs embrace hydrogen
Special
2021 WIC
2021 CIFTIS
Top
BACK TO THE TOP
English
中文


 * HOME
 * CHINA
 * WORLD
 * BUSINESS
 * LIFESTYLE
 * CULTURE
 * TRAVEL
 * WATCHTHIS
 * SPORTS
 * OPINION
 * REGIONAL
 * FORUM
 * NEWSPAPER
   * China Daily PDF
   * China Daily E-paper
 * MOBILE

Copyright 1995 - 2021 . All rights reserved. The content (including but not
limited to text, photo, multimedia information, etc) published in this site
belongs to China Daily Information Co (CDIC). Without written authorization from
CDIC, such content shall not be republished or used in any form. Note: Browsers
with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
About China Daily
Advertise on Site
Contact Us
Job Offer
Expat Employment
FOLLOW US


Copyright 1995 - 2021 . All rights reserved. The content (including but not
limited to text, photo, multimedia information, etc) published in this site
belongs to China Daily Information Co (CDIC). Without written authorization from
CDIC, such content shall not be republished or used in any form.

CLOSE

站长统计