1, theoretical preparation and trial operation (1987- 1993)
To introduce this stage, it is necessary to introduce the reasons for the development of the futures market, that is, the background of the establishment of the futures market in China. The reason is that the reform and opening up in the 1980s was carried out along two main lines, namely, price reform and enterprise reform.
The liberalization of agricultural product prices makes agricultural product prices fluctuate greatly. At this time, the government needs a market means to prevent the risks brought by the price changes of agricultural products, so a group of scholars put forward the idea of restoring the futures market of agricultural products.
From 65438 to 0988, the the State Council Development Research Center, the State Commission for Economic Restructuring, the Ministry of Commerce and other departments organized forces to start research on the futures market, and set up a futures market research group to systematically study the present situation and history of foreign futures markets. Organize personnel to investigate and study foreign futures markets and accumulate a lot of theoretical knowledge of futures markets.