Study on the Development and Improvement of Crude Oil Futures Market
Chen Liu-qi
Abstract
Chen Liu-qi
Abstract
It is of great significance for China to list its crude oil futures,and the time for its listing has been mature.To improve the crude oil futures market,it requires taking a series of measures,such as breaking up the monopoly on the oil market and attracting more market participants;establishing more open and workable transaction mechanisms;setting up and improving the strategic reserve system;vigorously developing the capital market and setting up a multilevel financial market system to promote the integration of and finance;and pushing forward the establishment of petroleum renminbi system and the rise of renminbi,etc.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
It is of great significance for China to list its crude oil futures,and the time for its listing has been mature.To improve the crude oil futures market,it requires taking a series of measures,such as breaking up the monopoly on the oil market and attracting more market participants;establishing more open and workable transaction mechanisms;setting up and improving the strategic reserve system;vigorously developing the capital market and setting up a multilevel financial market system to promote the integration of and finance;and pushing forward the establishment of petroleum renminbi system and the rise of renminbi,etc.
Key concepts: Renminbi, Futures contract, Business, Futures market, Crude oil, Database transaction, China, Forward market