论“双循环”新发展格局下尽快推出人民币指数期货

On Launching RMB Index Futures as Soon as Possible under the New Development Pattern of“Dual-Cycle”

外汇市场要有足够的深度和广度、足够和良好的流动性,才能充分发挥资源配置、价格发现和风险规避功能,才能更好地对冲和吸收汇率波动的影响,抑制市场的大幅波动。标准化人民币指数期货的推出,能解决以上措施的动力源及其形成机制。唯此,我国的人民币汇率形成机制改革才能达到完全市场化的最终目标。

The foreign exchange market must have sufficient depth and breadth,adequate and good liquidity in order to give full play to the functions of resource allocation,price discovery and risk aversion,and to better hedge and absorb the impact of internal and external exchange rate fluctuations and curb large fluctuations in the market.The launch of standardized RMB index futures can address the power source of the above measures and its formation mechanism.Only then can China’s RMB exchange rate formation mechanism reform reach the ultimate goal of full marketization.