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People's Daily Online>>China Business

CSRC urges to speed up building of crude oil futures market

By Xu Zhifeng (People's Daily)

14:57, March 30, 2012

Edited and translated by Ye Xin, People's Daily Online

The Chairman of China Securities Regulatory Commission(CSRC)Guo Shuqing recently urged to speed up the building of China's crude oil futures market and strength the nation’s pricing power in the international market.

Guo pointed out that the capability of the intermediary services of futures companies needs to be further strengthened in order to provide better professional services on risk management and hedging for small-and-medium sized enterprises.

The critical function of the futures market is managing risks and trading risks. It is necessary to avoid systematic and regional risks. We should consider risk prevention as the lifeline of the development and monitoring work of the futures market, said Guo.

In addition, Guo emphasized that we will adopt "zero endurance" attitudes to misconduct and legal activities such as market manipulation and fraud, and strictly enforce market discipline.

Read the Chinese version at


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