中證網訊 (記(ji)者 黎旅嘉)1月28日,棉花期(qi)權(quan)在鄭州商品交(jiao)(jiao)易(yi)所上市交(jiao)(jiao)易(yi)。首日掛(gua)牌(pai)的棉花期(qi)權(quan)合約標(biao)的期(qi)貨合約為CF1905、CF1907、CF1909和(he)CF2001。
我(wo)國(guo)是(shi)世(shi)界上(shang)最大的紡織品生(sheng)產(chan)國(guo)、消費(fei)國(guo)和(he)出口國(guo),棉(mian)(mian)(mian)(mian)花(hua)是(shi)紡織行(xing)(xing)業的重(zhong)要原材(cai)料。1999年,國(guo)家(jia)深化(hua)棉(mian)(mian)(mian)(mian)花(hua)流(liu)通體(ti)制改(gai)革(ge)(ge)。改(gai)革(ge)(ge)后,棉(mian)(mian)(mian)(mian)花(hua)購銷價格(ge)放開并基(ji)本(ben)(ben)由市場形(xing)成,棉(mian)(mian)(mian)(mian)花(hua)生(sheng)產(chan)基(ji)本(ben)(ben)保持穩(wen)定(ding),棉(mian)(mian)(mian)(mian)花(hua)經營渠(qu)道逐步拓寬,但也存在著棉(mian)(mian)(mian)(mian)花(hua)質量(liang)不(bu)高(gao)、價格(ge)波動較大等問題。2004年6月,為服務棉(mian)(mian)(mian)(mian)花(hua)流(liu)通體(ti)制改(gai)革(ge)(ge),鄭商所上(shang)市了棉(mian)(mian)(mian)(mian)花(hua)期(qi)貨。棉(mian)(mian)(mian)(mian)花(hua)期(qi)貨上(shang)市以(yi)來,市場運(yun)行(xing)(xing)總(zong)體(ti)平穩(wen),參與(yu)的產(chan)業企業不(bu)斷(duan)增(zeng)多,棉(mian)(mian)(mian)(mian)花(hua)期(qi)貨價格(ge)權威性不(bu)斷(duan)增(zeng)強(qiang),逐步成為政府宏觀調控和(he)國(guo)內外棉(mian)(mian)(mian)(mian)花(hua)貿易的重(zhong)要參考依據,為棉(mian)(mian)(mian)(mian)紡織企業和(he)廣大棉(mian)(mian)(mian)(mian)農(nong)提供了有效的風險(xian)管理工(gong)具,對于穩(wen)定(ding)棉(mian)(mian)(mian)(mian)花(hua)生(sheng)產(chan)、提升棉(mian)(mian)(mian)(mian)花(hua)質量(liang)發揮了重(zhong)要作用(yong)。
2014年,國(guo)家開始實行棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)目標(biao)價(jia)(jia)(jia)格(ge)改革。為服(fu)務(wu)目標(biao)價(jia)(jia)(jia)格(ge)改革,鄭商所在新(xin)(xin)疆(jiang)(jiang)設立棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)期(qi)(qi)(qi)貨(huo)交割倉(cang)庫(ku),并將棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)期(qi)(qi)(qi)貨(huo)基準交割地(di)由內(nei)地(di)調整(zheng)至新(xin)(xin)疆(jiang)(jiang),進一步鞏固(gu)了新(xin)(xin)疆(jiang)(jiang)棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)主產(chan)(chan)區優勢。鄭商所還(huan)開展了棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)期(qi)(qi)(qi)貨(huo)走進新(xin)(xin)疆(jiang)(jiang)活(huo)動,聯合新(xin)(xin)疆(jiang)(jiang)地(di)方(fang)金(jin)融監(jian)督(du)管(guan)理局共同舉(ju)辦“地(di)方(fang)金(jin)融人(ren)才千人(ren)培訓班”,大(da)力培育新(xin)(xin)疆(jiang)(jiang)棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)期(qi)(qi)(qi)貨(huo)市場(chang)。穩(wen)步擴大(da)棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)“保(bao)(bao)險+期(qi)(qi)(qi)貨(huo)”試(shi)(shi)點,支持建設棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)“保(bao)(bao)險+期(qi)(qi)(qi)貨(huo)”試(shi)(shi)點28個,并積極參與新(xin)(xin)疆(jiang)(jiang)維吾爾(er)自治區棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)“保(bao)(bao)險+期(qi)(qi)(qi)貨(huo)”試(shi)(shi)點方(fang)案制(zhi)(zhi)定(ding)工作,在促(cu)進棉(mian)(mian)農穩(wen)收(shou)增收(shou)的同時,探索完善農產(chan)(chan)品價(jia)(jia)(jia)格(ge)補貼新(xin)(xin)機制(zhi)(zhi)。上市棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)期(qi)(qi)(qi)權,將更好地(di)滿足產(chan)(chan)業(ye)企(qi)業(ye)多樣(yang)化和個性化的避險需求,降(jiang)低“保(bao)(bao)險+期(qi)(qi)(qi)貨(huo)”試(shi)(shi)點風(feng)險對沖成本(ben),提升(sheng)“保(bao)(bao)險+期(qi)(qi)(qi)貨(huo)”試(shi)(shi)點整(zheng)體效果,為現行棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)價(jia)(jia)(jia)格(ge)補貼政策(ce)提供有益(yi)參考(kao)和有效補充,這是鄭商所服(fu)務(wu)棉(mian)(mian)花(hua)(hua)(hua)(hua)(hua)目標(biao)價(jia)(jia)(jia)格(ge)改革的又一重要舉(ju)措。
“受方星(xing)海副主(zhu)席的委托,我代表中(zhong)國證監會(hui)對鄭州商品(pin)交易所表示熱烈祝賀。”中(zhong)國證監會(hui)期(qi)(qi)(qi)貨部主(zhu)任(ren)羅紅生(sheng)在棉(mian)花(hua)(hua)(hua)期(qi)(qi)(qi)權上市儀(yi)式上表示,上市棉(mian)花(hua)(hua)(hua)期(qi)(qi)(qi)權,有(you)助(zhu)于完(wan)善(shan)價格發(fa)現機制,促(cu)(cu)進產(chan)(chan)業結(jie)構升級和優化,也有(you)助(zhu)于豐(feng)富涉棉(mian)企(qi)(qi)業的風(feng)險管(guan)理手段,穩定棉(mian)紡織(zhi)企(qi)(qi)業生(sheng)產(chan)(chan)經營,促(cu)(cu)進棉(mian)農穩收(shou)增(zeng)收(shou)。棉(mian)花(hua)(hua)(hua)期(qi)(qi)(qi)權上市后,棉(mian)花(hua)(hua)(hua)期(qi)(qi)(qi)貨、期(qi)(qi)(qi)權、保(bao)險等金(jin)融工(gong)具(ju)相(xiang)互(hu)配合,對深化目標價格改革、探索新型農業支持保(bao)護制度、完(wan)善(shan)農業補貼政策(ce)具(ju)有(you)重要意(yi)義(yi)。鄭州商品(pin)交易所要加強(qiang)市場(chang)監管(guan),牢固樹立風(feng)險意(yi)識(shi),積極引(yin)導(dao)產(chan)(chan)業企(qi)(qi)業利(li)用期(qi)(qi)(qi)權管(guan)理風(feng)險,促(cu)(cu)進棉(mian)花(hua)(hua)(hua)期(qi)(qi)(qi)貨和期(qi)(qi)(qi)權功能有(you)效發(fa)揮(hui)。
中(zhong)國(guo)棉花(hua)協會秘書(shu)長王(wang)建紅(hong)認(ren)為,棉花(hua)期(qi)權(quan)(quan)在(zai)(zai)套保(bao)成本、資金(jin)管(guan)理和套保(bao)策略方(fang)面具有獨特優勢(shi),能夠(gou)更(geng)(geng)好地(di)服務(wu)企業轉型升級和提升競爭力(li)。我國(guo)棉花(hua)生產與(yu)流通經營規模(mo)小,資金(jin)壓力(li)大,抗風(feng)險(xian)能力(li)弱,更(geng)(geng)加需要利用期(qi)權(quan)(quan)管(guan)理風(feng)險(xian)。廣大涉棉企業應正確認(ren)識、積極(ji)學習并(bing)合理運(yun)用期(qi)權(quan)(quan)工具,在(zai)(zai)嚴控風(feng)險(xian)的前提下,探索(suo)運(yun)用期(qi)權(quan)(quan)管(guan)理風(feng)險(xian)的新模(mo)式,不斷提高新形勢(shi)下駕馭市場的能力(li)。
鄭(zheng)(zheng)商(shang)所(suo)理事長陳華平表(biao)示,棉花、棉紗期(qi)貨(huo)、棉花期(qi)權和(he)(he)(he)相關場(chang)(chang)外(wai)產品(pin)(pin)的推出(chu),以(yi)及(ji)PTA期(qi)貨(huo)國際(ji)(ji)化(hua)的實施,使得鄭(zheng)(zheng)商(shang)所(suo)成(cheng)為品(pin)(pin)種最為豐富(fu)、工(gong)具(ju)最為齊全(quan)的國際(ji)(ji)紡(fang)織產品(pin)(pin)衍(yan)生(sheng)品(pin)(pin)交易中(zhong)心。“下一(yi)(yi)步,我們將力爭(zheng)把鄭(zheng)(zheng)商(shang)所(suo)建(jian)成(cheng)國際(ji)(ji)紡(fang)織產品(pin)(pin)定價(jia)(jia)中(zhong)心和(he)(he)(he)風(feng)險管理平臺。”陳華平說,鄭(zheng)(zheng)商(shang)所(suo)將努力做好(hao)以(yi)下工(gong)作(zuo):一(yi)(yi)是根據產業需(xu)要和(he)(he)(he)市場(chang)(chang)運行(xing)(xing)情況,對標國際(ji)(ji)期(qi)貨(huo)期(qi)權規則體(ti)系,不斷(duan)優化(hua)相關品(pin)(pin)種規則制(zhi)度(du),積(ji)極引導境內(nei)外(wai)紡(fang)織企業利用(yong)期(qi)貨(huo)期(qi)權市場(chang)(chang),發揮期(qi)貨(huo)期(qi)權市場(chang)(chang)功(gong)能作(zuo)用(yong),更(geng)好(hao)地(di)滿足(zu)實體(ti)經(jing)濟定價(jia)(jia)和(he)(he)(he)風(feng)險管理需(xu)求。二(er)是把防控市場(chang)(chang)風(feng)險始終放在首要位置,加強對市場(chang)(chang)運行(xing)(xing)情況的監(jian)測(ce)監(jian)控,及(ji)時發現和(he)(he)(he)處理異(yi)常交易,有效維護市場(chang)(chang)秩序(xu),促(cu)進(jin)市場(chang)(chang)平穩運行(xing)(xing)。三是研究推出(chu)短纖期(qi)貨(huo)、PTA期(qi)權等更(geng)多新(xin)品(pin)(pin)種新(xin)工(gong)具(ju),進(jin)一(yi)(yi)步完善衍(yan)生(sheng)品(pin)(pin)體(ti)系,努力為服(fu)務實體(ti)經(jing)濟、服(fu)務重大改革(ge)舉措作(zuo)出(chu)更(geng)大貢獻(xian)。
來(lai)自中(zhong)國(guo)(guo)(guo)人民(min)銀(yin)行(xing)、中(zhong)國(guo)(guo)(guo)證監會、河南(nan)(nan)證監局、河南(nan)(nan)省地(di)方金融管理(li)局、新疆(jiang)自治區地(di)方金融管理(li)局、鄭州市(shi)政府、中(zhong)國(guo)(guo)(guo)期(qi)貨(huo)(huo)業(ye)協(xie)會、期(qi)貨(huo)(huo)市(shi)場監控中(zhong)心、中(zhong)國(guo)(guo)(guo)棉(mian)花協(xie)會、中(zhong)國(guo)(guo)(guo)農業(ye)發(fa)展銀(yin)行(xing)、中(zhong)國(guo)(guo)(guo)中(zhong)紡(fang)集(ji)團(tuan)(tuan)(tuan)、中(zhong)華棉(mian)花集(ji)團(tuan)(tuan)(tuan)、新疆(jiang)生產建設兵團(tuan)(tuan)(tuan)棉(mian)麻公司以及相關銀(yin)行(xing)、期(qi)貨(huo)(huo)公司和現貨(huo)(huo)企業(ye)的代表(biao)參加了上(shang)市(shi)儀式。
中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)網(wang)(wang)聲明:凡本網(wang)(wang)注明“來源(yuan):中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)券報·中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)網(wang)(wang)”的(de)所有作(zuo)品,版權均(jun)屬于中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)券報、中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)網(wang)(wang)。中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)券報·中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)網(wang)(wang)與作(zuo)品作(zuo)者(zhe)(zhe)聯合聲明,任(ren)何組織(zhi)未經中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)券報、中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)網(wang)(wang)以(yi)及作(zuo)者(zhe)(zhe)書面授(shou)權不(bu)(bu)得轉(zhuan)載、摘(zhai)編(bian)或利(li)用(yong)其(qi)它(ta)方式使用(yong)上述作(zuo)品。凡本網(wang)(wang)注明來源(yuan)非中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)券報·中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)網(wang)(wang)的(de)作(zuo)品,均(jun)轉(zhuan)載自(zi)其(qi)它(ta)媒體,轉(zhuan)載目的(de)在于更好服務讀者(zhe)(zhe)、傳遞信息之需,并不(bu)(bu)代表本網(wang)(wang)贊(zan)同(tong)其(qi)觀點(dian),本網(wang)(wang)亦不(bu)(bu)對其(qi)真實性(xing)負責,持異議者(zhe)(zhe)應與原(yuan)出(chu)處單位主張權利(li)。
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