Hehe Futures: The transaction scale of the national futures and options market will continue to expand in 2023

Hehe Futures: The transaction scale of the national futures and options market will continue to expand in 2023

A few days ago, the “2022 Futures Market Development Overview” issued by the China Futures Association (hereinafter referred to as “China Futures Association”) shows that the futures market will operate smoothly in 2022, and the trading volume will drop compared with the previous year. Larger scale volume.

According to statistics from the China Futures Association, in 2022, the domestic futures market will trade 6.768 billion lots (unilateral, the same below) and 534.9 trillion yuan, a year-on-year decrease of 9.93% and 7.96% respectively. The global futures market traded 83.848 billion lots, and the domestic futures market accounted for 8.07% of the global total, a decrease of about 4 percentage points from the 12% in 2021. Among them, the trading volume of domestic commodity futures and options was 6.616 billion lots, accounting for 72.3% of the total global commodity futures and options trading volume of 9.153 billion lots, an increase of 2.5% from 69.8% in the same period in 2021.

According to the analysis of Hehe Futures, the decline in the trading volume of the futures market throughout the year is mainly affected by a series of black swan factors such as geopolitical conflicts in 2022, the spread of the epidemic, and interest rate hikes in Europe and the United States. The global and domestic commodity markets fluctuated violently, which affected the trading sentiment of domestic futures investors. However, after the obvious decline in the first quarter of last year, the year-on-year decline in the later market narrowed, and the overall performance of the futures market throughout the year was still relatively active. In addition, Hehe Futures mentioned that under the intensified risk volatility, thanks to the increase in the demand for hedging in the real economy in recent years, more and more real companies are participating in the futures market, which has pushed up the market size and service level.

Especially compared with 2019 before the epidemic, Hehe Futures pointed out that although the scale of the futures market in 2022 will decline year-on-year, it will still achieve a substantial increase in transaction scale compared with 2019. It is expected that the transaction scale of the national futures and options market in 2023 will further increase on the basis of 2022.

At the same time, the introduction of new varieties in the futures market has also ushered in an acceleration. According to statistics from the China Futures Association, by the end of 2022, the number of listed futures options has reached 110, including 93 commodities and 17 financial products. A total of 16 new varieties of futures and options were listed throughout the year, including 2 futures varieties and 14 options varieties.

Hehe Futures pointed out that the expansion of the futures market means that the industry has further upgraded its ability to serve the real economy, and it will also bring new development opportunities for the futures industry. Under the continuous deepening of opening up and the “dual carbon” policy, a more complete futures variety system will better meet the actual needs of industrial chain enterprises such as hedging. As of the end of 2022, the total assets of my country’s futures companies will be about 1.7 trillion yuan, and the net assets will be 184.165 billion yuan, a year-on-year increase of 23.06% and 14.07% respectively. The capital strength of futures companies is continuing to increase.

Looking forward to 2023, Hehe Futures believes that the domestic and foreign environments are still complicated and severe, and the futures industry will face greater challenges in serving the real economy. Last year, with the promulgation of the Futures and Derivatives Law, the futures industry will usher in development opportunities in industrial upgrading, energy, food, and industrial chain supply chain security-related concepts. As the macro economy gradually stabilizes and improves in 2023, while the futures industry provides more and more reliable modern risk management solutions for the real economy, the overall profitability of the industry will also recover.

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