后危机时代大宗商品交易现状与前景研究

Study on the Current Situation and Prospects of Commodity Trading in Post Crisis Era

近年来,大宗商品价格经历了新一轮波动。随着港交所收购LME、FICC业务的下滑、沃尔克法则和巴塞尔协议Ⅲ等监管规则的陆续实施,欧美投行纷纷削减大宗商品交易。本文阐述了后危机时代全球大宗商品定价演变格局,并就国内期货市场建设、贸易融资、钢贸贷款及战略物资收储等问题,提出了相关对策建议。

In recent years,commodity prices experienced a new round of fluctuation. With HKEx＇s acquisition of LME,decline of FICC business,and the implementation of Volcker rule and Basel III,occidental investment banks reduced commodity trading in succession. In this paper, the author analyzed the developments in the global commodity pricing mechanism of the post Crisis Era,then put forward the related countermeasures and suggestions about the construction of domestic futures market, trade financing, steel trade loan and strategic materials reserve.