"The Report on the Development of China's Over-the-Counter Financial Derivatives Market" officially released.

The Futures Industry Association, the Foreign Exchange Trading Center, and the Shanghai Clearing House recently jointly released the "Report on the Development of China's OTC Financial Derivatives Market", conducting an in-depth analysis of the domestic and foreign markets' development and annual hot issues in 2024. In 2024, the nominal principal of the interbank derivatives market reached 23.54 trillion yuan, a year-on-year increase of 19.7%. The derivatives market has maintained stable growth, with a continuously enriched product sequence, improved operation and management mechanisms, and increasing market vitality. Its role in strengthening risk management, promoting price discovery, and serving the real economy is becoming increasingly prominent. In the next step, the Futures Industry Association, the Foreign Exchange Trading Center, and the Shanghai Clearing House will continue to work under the guidance of the People's Bank of China and the State Administration of Foreign Exchange to continuously improve market service levels, promote the development of the OTC financial derivatives market, and further open up to the outside world, moving towards a higher level.