——The Development Opportunities of China's Futures Industry and the Application of Statistics in Futures Research
On September 20, 2022, Mr. Wang Keqiang, who was then in charge of the Investment Consulting Department of Haitong Futures Co., Ltd., was invited to our institute to give a lecture on the theme of "Development Opportunities of China's Futures Industry and the Application of Statistics in Futures Research" at an industry forum.
Mr. Wang Keqiang is the founder of the domestic brand futures program "Wenzhu Futures Log", and has served as the head of the asset management department of Haitong Futures. He has successfully developed multiple sets of quantitative automated trading models, which have been applied to real trading for a long time. Currently serving as the head of the investment consulting department at Haitong Futures, I have trained a fundamental research team for Haitong Futures from scratch. In this forum, Mr. Wang Keqiang introduced the development history of China's futures industry and the research framework system of futures varieties, and further explored the demand for statistical talents in the future development of the futures industry.
Firstly, Mr. Wang Keqiang emphasized the development history and opportunities of China's futures industry, which were divided into three stages: start-up, development, and innovation, and provided detailed explanations. The initial stage began with the birth of the futures market in 1990, and went through stages such as blind development, governance and rectification, frequent risks, and strengthened rectification. Finally, the system was established in 1999. The establishment of the China Futures Industry Association in the second year marked the beginning of a steady development stage, and today it is going further and further on the path of business innovation and internationalization. At the same time, Mr. Wang Keqiang also introduced the professional requirements and relevant qualification examinations for the futures industry, and believed that due to the rapid development of China's CTA fund industry, there will be a significant shortage of financial quantitative talents.
Afterwards, Mr. Wang Keqiang introduced the research framework system of futures varieties, explaining it from two aspects: data and research framework. Mr. Wang Keqiang highlighted four important data sources, including official statistical agencies, industry associations, reports and financial reports of listed companies, and third-party data information agencies. He also explored ways to improve data quality and emphasized the importance of the research system. He also detailed four qualitative analysis methods for futures variety research, including macroeconomic, event driven, cost-benefit, and seasonal analysis methods.
Finally, Mr. Wang Keqiang introduced the application of statistics in futures research. Starting from the important position of statistics in economic research mentioned in "The History of Economic Analysis", some important sources of statistical data were introduced.
During the questioning session, students actively and enthusiastically asked questions, exchanging and interacting with Mr. Wang Keqiang on the future development and prospects of futures risk management, as well as the daily work of statistical talents in the futures industry. Mr. Wang Keqiang answered each question for the students one by one, making them gain a lot.
Contributors: Xiang Xiaoye, Wu Minmin, Xie Xinrui
Image provided by: Zhu Yanjie
