Wang Dong, Chairman of Galaxy Futures: Futures companies should speed up their transformation.

On November 19th-20th, the 19th Shenzhen International Financial Expo and the 2025 China Financial Institutions Annual Meeting were held in Shenzhen. At the "China Futures Industry Annual Meeting" sub-forum held on the morning of the 20th, Wang Dong, Chairman and General Manager of Galaxy Futures, delivered a speech on the topic of "Future Directions for High-Quality Development of the Futures Industry". Wang Dong stated that for a long time, the revenue from "passage business" has been the "bulk" of the industry's revenue, and the fierce price war has continuously reduced commission rates, diluting the industry's average profit margin, and falling into the awkward situation of "increased volume but not increased revenue". With the return of capital-consuming businesses such as market-making and over-the-counter derivatives, futures companies need strong capital support, and the demand for talents has undergone a qualitative change. In response to this, futures companies should accelerate their transformation, relying on accurate judgment of the situation, deep response to real demand, bold embrace of technological innovation, and charting a path of transformation that is not only thick with industry experience, but also warm with the spirit of the times.