Zhang Ming of Shanghai Stock Exchange: speed up the research and development of steel futures and options and continue to reduce market transaction costs

Financial Associated Press, May 26, the 20th Shanghai Derivatives Market Forum, Shangyan Iron and Steel Sub-Forum, was held. Zhang Ming, deputy general manager of the Shanghai Futures Exchange, said in his speech that the Shanghai Futures Exchange will, as always, take root in the industry and service entities to jointly build a modern steel power, and will promote innovation and incremental varieties, enhance service quality and efficiency, strengthen risk prevention and control and other work in the future. In line with the national strategic direction and the needs of industrial development, we should take the registration system for the listing of futures varieties as an opportunity to speed up the research and development of steel futures and options. Centering on the diversified and personalized needs of market subjects, we will work with industry associations and member units to improve the pertinence and accuracy of services, continuously reduce market transaction costs, and serve key enterprises such as industry leaders, listed companies, specialization and innovation, and increase customer participation in the industry.