Development
In addition, DCE intends to increase its support to industries and develop corporate and institutional client group. As a Deputy to the 11th National People's Congress, Mr. Liu Xingqiang was calling on the government to allow the establishment of commodity futures funds in an attempt to draw more institutional investors balance into the country's burgeoning futures market. Currently Only 5 percent of investors in China's commodity futures markets are commodity producers and consumers, while the remaining 95 percent are private investors. He also is encouraging the government to let companies use money they borrow from banks for hedging in the future market, though not to allow those funds for speculation. DCE shall provide assistance to members in technology upgrading so as so as to improve their technical trading system.
The exchange shall intensify its efforts in following areas: a more efficient new commodity futures approval mechanism, promote the integration of futures transaction and cash transaction; increase the support of futures market to industries, and strengthen the link between futures market industries; conduct research on and develop option and commodity index futures products to promote the integration of commodities and financial products.
Read more about this topic: Dalian Commodity Exchange
Famous quotes containing the word development:
“Good schools are schools for the development of the whole child. They seek to help children develop to their maximum their social powers and their intellectual powers, their emotional capacities, their physical powers.”
—James L. Hymes, Jr. (20th century)
“On fields all drenched with blood he made his record in war, abstained from lawless violence when left on the plantation, and received his freedom in peace with moderation. But he holds in this Republic the position of an alien race among a people impatient of a rival. And in the eyes of some it seems that no valor redeems him, no social advancement nor individual development wipes off the ban which clings to him.”
—Frances Ellen Watkins Harper (1825–1911)
“There are two things which cannot be attacked in front: ignorance and narrow-mindedness. They can only be shaken by the simple development of the contrary qualities. They will not bear discussion.”
—John Emerich Edward Dalberg, 1st Baron Acton (1834–1902)