China's economic growth slowed down from a high level and continued to decline. It is impossible to keep the GDP growth rate above double digits, and the economy is in a downward cycle. The risks we face, such as commodity risk, interest rate risk, exchange rate risk and stock price fluctuation risk, are all aggravated by the uncertainty of macroeconomic trends. At the same time, the huge risk exposure caused by macroeconomic uncertainty at home and abroad has led to a surge in demand for hedging tools in China's related economic activities. The futures market undoubtedly provides them with a convenient haven. The futures market is both a risk management market and a wealth management market. Futures and related derivatives are the basic tools of national risk management, which are essential, very important and irreplaceable. The present situation of China futures market is that the overall scale of the futures industry is small and the strength of the industry needs to be improved; The business homogeneity of futures companies is serious, and there is a lack of large companies; Variety structure needs to be improved urgently; Lack of strategic varieties; The investor structure is unreasonable, and it shoulders the heavy responsibility of cultivating institutional investors; The domestic futures market is relatively closed, so it is imperative to open to the outside world; The pace of introducing new varieties has been accelerated; All new enterprises are about to open; Strengthen supervision and deregulate; The merger and reorganization of futures companies and IPO listing have become a trend.

At present, China's futures listed varieties: **5 categories, 28 commodities, 1 finance. Specifically: 12 agricultural products, 8 metals, 1 energy, 6 chemicals, 1 finance. 20 1 1 among the top ten commodity futures products in the world, 6 products belong to China. Nevertheless, there are still some problems in China futures market, such as the urgent need to improve the variety structure and the lack of strategic varieties.

The futures market is the place where futures products circulate. Without a sound and effective market, futures products will lose their meaning. The electronic trading market of bulk commodities has many advantages compared with traditional trading forms. At present, it plays an active role in promoting the construction of China's multi-level market system, further optimizing the allocation of resources, promoting the informationization of the national economy, accelerating the circulation of commodities, and promoting the construction of credit system. The traditional spot market is the basis of the pyramid; The futures market was born in the developed spot and forward warehouse receipt markets, and it is an advanced organizational form of the market. The medium and long-term market is an indispensable part of a perfect modern market system, which constitutes the tower of the whole pyramid system.