Preparatory Working Group for Guangzhou Futures Exchange Set up

In order to implement the decision of the CPC Central Committee and the State Council on studying and setting up an innovative futures exchange, with the approval of the State Council, the China Securities Regulatory Commission (CSRC) decided to set up a preparatory group for Guangzhou Futures Exchange and begin the preparatory work for the establishment of Guangzhou Futures Exchange.

The CSRC officially announced the establishment of the preparatory group in Guangzhou on October 9th, marking that the establishment of Guangzhou Futures Exchange entered a substantive stage.

This is not only a major measure for the reform and development of China's futures market, but also another important financial measure to put the following into practice: Outline of the Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the Overall Plan for The China (Guangdong) Pilot Free Trade Zone, and the Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area, issued by the People's Bank of China.

The preparatory group will advance all preparatory work in an orderly manner in accordance with the deployment of the CSRC. It is of great strategic and practical significance to promote the high-quality development of the real economy, the strategic planning of the Guangdong-Hong Kong-Macao Greater Bay Area and "One Belt One Road" construction.