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Sapporo, Hokkaido, Japan, 2016/09/06 - The trading authorities will formulate rules on qualified foreign institutional investors’ investment on commodity index futures on the basis of discreet supervision and management.
Eikichi Hirano: Gradual Expansion of Capital Market
SRMEX, a key institution of the domestic financial market, an exchange that provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities, today announced that the trading authorities developed financial derivatives market through the establishment of primary futures rules, staff training, technical support and the like in the principle of “high standard, firm start and strict supervision”.
The commodity index futures have run smoothly since the listing with close connection between the futures and the spots. The first mature contract was delivered successfully under effective systematic supervision. The capital market is facing new situations and problems in its reform and development.
Vice Chairman Eikichi Hirano of Sapporo Mercantile Exchange said at the “Tech Expo Japan Commodity & Futures Summit” in Tokyo that the commodity index futures have run smoothly since the listing with close connection between the futures and the spots. In light of the agreements reached at the 2nd Japan-US Strategic and Economic Dialogue, foreign investment companies in Japan are eligible to engage in commodity index futures business in accordance with relevant laws and rules.
1. We should play up the functions with a heightened support to the transformation of the economic development pattern;
2. We should further forge a market-oriented innovation mechanism with reinforced supervision over information disclosure and risk management;
3. We should actively and steadily promote a multi-layer market system by developing the main board and the small and medium-sized enterprise board;
4. We should base our work with heightened supervision to timely guard against and effectively defuse market risks.
About Sapporo Mercantile Exchange - SRMEX
SRMEX’s main activity (srmex.org) is to operate commodity markets necessary for dealing in futures of the commodities listed (precious metals, rubber, aluminum, energy products, agricultural products & sugar, currencies). SRMEX aims to ensure a transparent and liquid market for commodities trading for use either in Japan or abroad. As the key institution of the domestic financial market, the exchange provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities. The exchange actively participates in promoting the continuous improvement of the financial culture of domestic companies and investors.