After domestic exchanges announced that QFII and RQFII had been opened to participate in relevant varieties trading for more than a month, the first trade in the industry was officially launched, marking that China's futures market is opening wider and wider to the outside world, and the industry is also looking forward to further liberalization of policies.

The first business was launched in more than one month

UBS Futures is a wholly-owned subsidiary of UBS Securities. It is reported that since 2020, UBS Futures has closely followed the pace of reform and opening up of China's futures market, relying on the global network resources of UBS Group, accurately cultivated overseas customers, helped customers to deeply understand the relevant policies and regulations of the domestic futures market, assisted them to complete the drafting and signing of relevant legal documents, as well as the preparation of account opening materials and system testing.

On September 2 of this year, Shanghai Futures Exchange, Shanghai International Energy Exchange Center, Dalian Commodity Exchange and Zhengzhou Commodity Exchange simultaneously announced that QFII and RQFII are allowed to participate in the trading of some commodity futures and option contracts from that day on. UBS Futures responded positively, completed various preparations related to the first transaction in a short time, and landed on the 11th.

Fang Dongming, the Chinese director of UBS Global Financial Market Department, said that UBS has always been very concerned about the policies and openness related to China's financial derivatives, and actively layout, expand product services and seize business opportunities. We look forward to further liberalizing the financial derivatives investment policy under the new QFII regulations, providing more investment and risk management tools, and further attracting overseas investors to actively participate in China's capital market.

Zhang Jiarong, chairman of UBS Futures, also pointed out that UBS Futures has focused on the internationalization of China's futures market for nearly a decade, committed to introducing high-quality international investors into China's futures market, and providing healthy and orderly liquidity for China's futures market. QFII business and international variety business have always been the strategic focus of UBS Futures. Over the years, it has steadily and efficiently served the hedging business of QFII in China Financial Futures Exchange, and continuously expanded the business of overseas customers trading international varieties of commodity futures. In the future, the Company will continue to steadily enrich and optimize products and services, strengthen investor education and risk prevention and control, and help the international business development of China's futures market