Futures industry to be upgraded in Nansha

Guangzhou released a working plan for establishing a risk management center to promote high-quality development of the futures market on Nov 2.

The plan made it clear that preferential policies in the sector such as finance will be provided to fully support the development of the Guangzhou Futures Exchange in Nansha district. 

Efforts will be made in building the Guangzhou Futures Exchange into a world-class futures trading mecca.

Guangzhou Futures Exchange is expected to onboard a group of experienced futures institutions and risk management institutions as well as high-end futures experts to build a risk management center that is based in Guangzhou, which is a prime location for making contributions to the construction of the international financial hub in the Guangdong-Hong Kong-Macao Greater Bay Area. 

Guangzhou will take multiple measures to cultivate and gather a group of futures market entities such as cultivating and establishing futures companies, and supporting the development and growth of futures companies in Guangzhou.