Analysis on China's energy futures market

Abstract

The running energy futures in China originated in 2004. With the futures market, China's enterprises achieved risk aversion, and the influence of "China price" and "Chinese standard" on the world has gradually increased. However, compared with that of developed countries, there are some problems existing in China's energy futures market: the current energy futures varieties of China have little influence on the international market; lack of some energy futures varieties makes a threat to national energy security. To develop China's energy futures market, we need to reform the current system of energy prices; to draw international investors so as to increase the influence of China's energy futures market; to accelerate the financial reform so as to promote the internationalization of China's energy futures market, to enrich energy futures varieties in China market as soon as possible.