This report tracks national and regional progress in implementing the G20 reforms to global over-the-counter (OTC) derivatives markets reforms following the 2008 Global Financial Crisis.

The events that occurred in the derivatives market this year have considerably transformed its structure and liquidity. Non-residents’ exit from the market at the beginning of the year caused a reduction in the number of open positions and the termination of certain types of transactions. This information is given in the Bank of Russia's report.

On 19 September 2022, the ChiNext Board ETF Option (underlying security: ChiNext Board ETF, Code: 159915) and the CSI 500 ETF Option (underlying security: CSI 500 ETF, Code: 159922) were listed for trading on the SZSE. SZSE Chairman Chen Huaping attended the launch ceremony. Director Zhang Wangjun of the Department of Market Supervision I of CSRC and Standing Committee member Zeng Pai of the CPC Shenzhen Municipal Committee gave speeches via video link, and SZSE President & CEO Sha Yan addressed the ceremony on the spot. Officials and guests from the CSRC system, the Shenzhen Local Financial Regulatory Bureau and relevant market institutions participated in the ceremony. Together, they witnessed another important moment of the SZSE derivatives market.

Japan Exchange Group, Inc. (JPX) and China Financial Futures Exchange, Co. Ltd. (CFFEX) signed a memorandum of understanding to enhance cooperation in derivatives markets.

Financial connectivity between Hong Kong and the Chinese mainland is rising and becoming more sophisticated - from the cash and derivatives markets to the private-equity market. Hong Kong's secretary for financial services and the treasury talks to Oswald Chan.

Moscow Exchange plans to resume after-hours trading on the Equity & Bond Market, as well as pre-market trading on the Derivatives and FX Markets on 12 September 2022. This will mean trading will run for 12 hours on the FX Market, 14 hours on the Equity and Bond Markets and 15 hours on the Derivatives Market.

A green light given to foreign investors regarding investment in China's onshore futures and options market will help elevate liquidity in the domestic derivatives market and provide more asset allocation tools for foreign investors, experts said.