We will accelerate the internationalization of the free trade zone commodity trade
S free trade zone international commodity trading platform construction in China is very important, will directly promote free trade area within the scope of domestic commissioner of export-oriented internationalization oriented cross-border transactions, foreign exchange management, cross-border settlement, transit and settlement, futures trading, information security, the deepwater area “reform of the system and mechanism of linkage.
S international trading platform of government leading, enterprise management, market-oriented operation management mechanism, to create a period now trade linkage, and many international dealers in all kinds of commodity, offshore entrepot trade, and famous international trading platform for global trade services, services for national strategy.
Free trade area in our country it has been four years to create, from the current situation of the development of free trade area, the current reform in key areas involved is the deepening the reform of form a complete set of financial, thus to drive the areas such as trade, investment and towards a higher level of openness. Push the current, with emphasis on the reform of the financial supporting breakthrough and a new starting point, should be the construction of international commodity trading platform, it is the key to the on the new reform of various fields.
Throughout a big power in the rise of the influence and contribution to the world, there is a very important measure, is in the world economic competition ability. As a country free trade area of the commodity and its platform construction, is just the most can reflect the country in the allocation of global resources and comprehensive ability strong and the weak. There are two main indicators of international participation, one is international participation. Second, global utilization, the number of countries that participate in transactions on the platform, and the platform being used by countries around the world. The construction of the international commodity trading platform is an important point of deepening reform in the free trade area.
Trading platform features need to shift to extraversion
At present, there are four major problems in the construction of the commodity trading platform of China free trade area.
China’s four major free trade area has a range of commodities trading platform, the general characteristics of quantity, small size and high repetition rate, basically in a free trade area within the domestic commodity trading platform on the functions of haven’t really done to role transformation, extroversion, open platform trading business is almost one hundred percent for the domestic enterprises or domestic in deals between foreign enterprises, foreign enterprises due to under the control of the financial regulatory status of settlement and the settlement of exchange, a rare or difficult to deal of participation.
Depends on entrepot trade especially platform entrepot trade regulation of the lack of experience, the present regulation mostly alienation for the limitation on the entrepot trade, resulting in a defect platform global utilization, unable to global commodity trading information data are obtained.
The absence of comprehensive trading platform, to reform is difficult to focus, policy precision hard, difficult to efficient allocation of resources, regulating means difficult to top-level design and real-time monitoring. At the same time also can’t through the unified background data precision analysis, effective control of global trading information, not for our country in the world in the allocation of resources to provide voice and pricing power service.
Commodity trading period now linkage system design, it is the price of the goods under the market economic system found in a planned way under the guidance and demand guide should have the function of the production, but the present limited period is now on the system design, its service in the national production capacity and inventory, deleveraging, cost reduction, the five strategic tasks of short board.
We will drive the reform of the “deep water zone” in related areas
Free trade area in our country, therefore, international commodity trading platform construction is very important, will directly promote free trade area within the scope of domestic commissioner of export-oriented internationalization oriented cross-border transactions, foreign exchange management, cross-border settlement, transit and settlement, futures trading, information security, the deepwater area “reform of the system and mechanism of linkage. The following measures should be taken:
We will accelerate the development of the international commodity trading platform for free trade zones. Canon of China’s four major free trade zone approved by the state on commodity trading platform for dozens of, has been operating or have more than a dozen, respectively in non-ferrous metals, minerals, energy and chemical industry, agricultural products and other merchandise categories. Live from operating deal, these platform not only less volume, and is essentially still belongs to the domestic trade deal, subject to regulatory status quo, huge capacity has not yet been developed for global trade. So as soon as possible within the free trade area key construction of incremental type integrated international commodity trading platform, the platform of stock is still can be used for industry class is given priority to with domestic trade transaction trading platform. International trading platform of government leading, enterprise management, market-oriented operation management mechanism, to create a period now trade linkage, and many international dealers in all kinds of commodity, offshore entrepot trade, and famous international trading platform for global trade services, services for national strategy.
We will carry out the reform of the “deep water zone” in related areas. Free trade zone in China commodity trading platform of low degree of internationalization, largely under the control of the lag of financial reform, with the help of a free trade area should be a new round of reform, further emancipate the mind, and strengthen the free trade area of coordination with financial authorities and relevant departments synchronous promote financial, tax, port, business or related field of deep reform, actively promote free trade zone international commodity trading platform as demand oriented reform path, classify to comb, clear time node, the reform of building up the butt of international financial practice, but also has the Chinese characteristic of export-oriented financial regulation and service system and mechanism.
Phase current linkage
We will establish a regulatory system that conforms to the current market mechanism. Commodity trading cannot be linked in time, nor is there a strong support for the financial regulation and trade and investment regulatory system that is in line with modern market mechanisms. Free trade zone in China in the international commodity trading platform, large data analysis of trade information should be synchronized to establish monitoring center, on the dynamics of the global trading, transaction settlement, transit and settlement, offshore financial services such as real-time monitoring analysis of the background, and in the provision of trade intelligence summary, provide trading and financial early warning, make supervision department constantly improve and correct regulatory measures, efforts to achieve precise regulation, make things afterwards supervision long-acting mechanism in the information under the strong support of truly established.