PTA Market: Introducing Foreign Investors Will Add "Newcomer"

"Cross border,

As the theme of the Eleventh China (Shenzhen) International Futures conference, the venue is full of "international flavour".

At the same time, the internationalization process of the futures exchange has also taken a step forward. In the forum of Zheng Shang, with the theme of "PTA futures opening to the outside world", "PTA futures are introduced."

The news brought a surprise to the market, and the internationalization of PTA futures has taken a big step forward.

In the futures market of domestic exchanges, PTA futures have been put forward as pilot varieties to introduce foreign investors after this year's crude oil futures.

The futures Daily reporter learned from the Eleventh China (Shenzhen) International Futures conference that Zhengshang is exploring the introduction of overseas investors on PTA futures to promote the internationalization of the variety.

Over the past few years, India, South Korea, Pakistan and the Russians have raised the same question: "I want to do PTA futures, how do I operate?" a participant told reporters that from this point of view, the potential of expanding PTA futures offshore market is huge, and the demand for overseas investors to participate in PTA futures market is strong, so the opening of PTA futures is worth looking forward to.

On the forum of "PTA futures open to the outside world," Qin Quanjin, deputy general manager of Zheng Shang, said that many enterprises in Italy, Korea and India proposed to participate in PTA futures market in China.

At the same time, China's PTA exports also have an expansion trend, and the cooperation and trade between domestic and foreign enterprises will be strengthened in the future.

"To meet the needs of domestic and foreign polyester enterprises, we need to study the opening of PTA futures and start with the introduction of foreign investors."

Qin Quanjin said.

From the domestic point of view, the introduction of foreign investors to futures as a bridge will not only help domestic and foreign enterprises to better cooperate, but also help optimize the structure of the participants, further stabilize the international influence of PTA futures prices, and escort the steady development of China's real economy.

"Although we have always been concerned about

Futures, but there is no legal and stable channel to participate in hedging of PTA futures, because even if registered enterprises in China are involved in futures, they are also faced with strict market entry conditions.

It is hoped that the Chinese futures market can open PTA futures to international buyers who have long-term contracts with Chinese enterprises to achieve effective hedging operations.

CEO Zanchi of GSI, a bottle trading company in Italy, said they wanted to enter the PTA futures market as a "qualified buyer".