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CFFEX Holds the 2021 Market Makers Conference
2021-03-26

China Financial Futures Exchange (CFFEX) held the 2021 Market Makers Conference on Mach 26. Guided by the 14th Five-Year Plan and the requirements of the Communist Party of China (CPC) Committee of the China Securities Regulatory Commission (CSRC), the conference was convened to ensure a good start for the operation of financial futures market and market makers management in 2021, so as to promote market stability, high-quality development and market functioning. The Conference reviewed the performance of market makers in 2020 and awarded outstanding market makers and their members. Huo Ruirong, Deputy Secretary of the CPC CFFEX Committee and Chief Executive Officer of CFFEX, delivered a speech at the Conference. Zhang Xiaogang, member of the CPC CFFEX Committee and Executive Vice President of CFFEX, Cao Yue, member of the CPC CFFEX Committee and Executive Vice President of CFFEX, and Shi Guangwei, Executive Vice President of CFFEX, attended the event. Attending the Conference online were senior managers and relevant personnel-in-charge from CFFEX market makers for China government bond (“CGB”) futures and equity index options and from members that provide services to the market makers.

Conference attendees agreed that market-making is a mature trading mechanism widely adopted in the global derivatives market, which substantially improves liquidity, pricing efficiency, market stability, and operation safety. Since being introduced to CFFEX’ CGB futures and CSI 300 index options in May and December 2019, respectively, market makers have actively performed their quoting obligations, effectively improving the liquidity, operation, stability, and functioning of the two markets. Conference attendees also put forward suggestions on how to better manage and empower market makers, promote market stability and high-quality development, and refine the market-maker management regime.

The year 2021 marks the centennial of the CPC and the opening year of the 14th Five-Year Plan for building China into a modern socialist country in all respects. Embarking on this new journey, CFFEX will uphold the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and implement the guiding principles of the Fifth Plenary Sessions of the 19th CPC Central Committee and the Central Economic Work Conference. With a holistic view encompassing both domestic and global conditions, CFFEX will adapt to the new development stage, apply the new development philosophy, and align with the new development paradigm. Bearing in mind the principle of pursuing progress while ensuring stability and with systematic thinking, CFFEX will continue its endeavor to fully implement the requirements of the CPC Committee of the CSRC, and the CSRC’s principle of “Four Awes” and “One Synergy”. CFFEX will continue to strengthen the management of market makers, and improve quality management and operations maintenance with smart technologies. Through these efforts, CFFEX strives to maintain the sound and stable operations of the financial futures market, and facilitate improved market functioning, so as to contribute to the high-quality development of the capital market and the national economy and deliver great performance to celebrate the centennial of the CPC.


Appendix: CFFEX Outstanding Market Makers and Market-Making Service Awards for 2020



China Financial Futures Exchange

March 26, 2021