By Mr. Liu Xingqiang, Deputy to China National Peoples's Congress, President & CEO of Dalian Commodity Exchange
The year 2011 marks not only the beginning of China's implementation of the 12th Five-Year Plan for Economic and Social Development, but also a critical year for the steady and healthy development of China's futures market. Currently we still face a very complex situation in our domestic economic development, with an extraordinarily difficult task of managing inflation expectations. The government proposed to place higher priority on stabilizing general price levels, and Premier Wen has also stressed on numerous occasions that, "The top priority for our economy this year is to stabilize prices".
Facing new situations and requirements, Dalian Commodity Exchange will spare no efforts in implementing central government's price stabilizing mandate by carrying out our work fully in line with deployments made at the National Securities and Futures Regulatory Work Conference. We will continue our efforts in curbing excessive market speculation, preventing market manipulation, further promoting economic functions performed by the futures market, and serving the strategic needs of central government's macro-economic control policies. Meanwhile, we will stay committed to the strategy of "enhancing internal strength and establishing a sound foundation", and strive to improve market mechanism, roll out new products, and promote innovations steadily, invigorating sustainable growth of Dalian futures market and enhancing its ability to serve national economic development.