w88 casino News Network (Correspondent Zhang Tao)2018On November 10, 2018, Professor Chang Qing’s special lecture at the Huiyuan Famous Teachers’ Lecture Hall was held in the Boxue Building. This lecture was delivered by Professor Chang Qing, Director of the Futures and Financial Derivatives Research Center of China Agricultural University. Ms. Chen Jing of the China Futures Market Monitoring Center, Mr. Chen Liang, General Manager of the Human Resources Department of Yide Futures, and Ms. Sun Yumeng, Manager of the Organization and Publicity Center of Yide Futures attended this lecture.
Professor Chang Qing gave an in-depth explanation in four aspects: the origin and basic concepts of futures, the functions of the futures market, the emergence of my country's futures market, and the development status and prospects of my country's futures market. Professor Chang started with a short story about the changes in copper prices during the self-defense counterattack against Vietnam, vividly explaining the important position of the futures market in the process of reform and opening up. He said that the purpose of designing the futures market is to promote China's price reform. The establishment of the futures market has overcome the two difficulties of "theory" and "speculation" and solved difficulties such as the dual-track price system that are difficult for economists to solve.
Professor Chang Qing also introduced the functions of the futures market, including information function, pricing function, forward price discovery, rational allocation of resources, risk management function, crisis management function, slowing down price fluctuations, promoting regional economic development, etc. Professor Chang pointed out that just as "practice is the only criterion for testing truth," reasonable institutional reforms can better stimulate the development of the futures market. Balancing the relationship between late-mover advantages and first-mover advantages is the key to building an exchange with Chinese characteristics. He took Zhengzhou as an example to illustrate the role of futures trading in promoting regional development: the futures market not only has a positive impact on regional tax revenue, but is also conducive to promoting the development of its third-party industries, building a city business card, and improving the quality of personnel.
After listening to Professor Chang Qing’s wonderful lectures, the students present actively participated in the interactive question-answering session and tested the learning results of this course through ten questions. The students also actively asked questions, and Professor Chang patiently and carefully answered them one by one. Finally, the top 20 students who submitted in the question-answering session with an accuracy rate of more than 80% won the book "Risk and Management of Innovation in the Development of China's Futures Industry" which Professor Chang participated in the review. Professor Chang Qing and Ms. Chen Jing awarded prizes to the winning students and took photos.
Through this lecture, the participating students gained a deeper understanding of the futures market and clarified the direction of future efforts. Professor Chang said that only China can assume the responsibility of the Asian time zone pricing center, and the RMB should strive to become an international currency relying on international w88 in commodities. The new generation of young people should discover the future trends of commodities, strive to be leaders in the futures market, and become reserve talents in the futures market.
