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:
“The young women, what can they not learn, what can they not achieve, with Columbia University annex thrown open to them? In this great outlook for women’s broader intellectual development I see the great sunburst of the future.”
—M. E. W. Sherwood (1826–1903)
“Ultimately, it is the receiving of the child and hearing what he or she has to say that develops the child’s mind and personhood.... Parents who enter into a dialogue with their children, who draw out and respect their opinions, are more likely to have children whose intellectual and ethical development proceeds rapidly and surely.”
—Mary Field Belenky (20th century)
“... work is only part of a man’s life; play, family, church, individual and group contacts, educational opportunities, the intelligent exercise of citizenship, all play a part in a well-rounded life. Workers are men and women with potentialities for mental and spiritual development as well as for physical health. We are paying the price today of having too long sidestepped all that this means to the mental, moral, and spiritual health of our nation.”
—Mary Barnett Gilson (1877–?)