Research On Operation Optimization Of SYG Exchange

Oil and gas exchange is a new-born thing.Domestically,it needs to get rid of monopoly,change the traditional trading mode,overcome the resistance caused by interest adjustment;Externally,it needs to compete with the United States,Japan and South Korea and enhance its pricing power.The primary purpose of establishing the exchange center is to compete for international pricing power,and secondly to force systematic reforms of domestic oil and gas market,and also to strengthen international energy cooperation.In a certain sense,it is more important to be able to influence the formulation of international rules and control the pricing power of bulk commodities such as crude oil and natural gas than having a strong army.For a long time,China has imposed relatively strict controls on the quantities and prices of oil,natural gas and other commodities.Although it has played an important role in stabilizing the production and prices of energy,it has become increasingly unsuited to situational changes.In particular,the slow development of the market system is not conducive to the co-ordination and utilization of domestic and international resources.At present,the conditions for the reform of China's oil and natural gas market have been gradually met,including market competition and price liberalization.At the same time,government agencies such as the National Energy Administration are also actively promoting third-party access and disclosure of natural gas infrastructure.The Central Committee of the CPC and State Council's "Several Opinions on Deepening the Reform of the Oil and Gas System" was promulgated,from which "Control the middle and let go of both ends" "Establish the State Pipeline Network Company" have become certain.All these measures will play an important role in ensuring the formation and development of the natural gas market.The establishment of the exchange,on the one hand,provides direct access for foreign enterprises to enter China,reduces trading costs,and establishes a win-win relationship.On the other hand,it also creates conditions for domestic enterprises to make good use of both international and domestic resources and seize the opportunities brought by international energy price volatility.Especially in the current situation of energy oversupply,we can use the platform to carry out public bidding globally to exploit the competitive advantages and reduce domestic energy costs.Under the current general environment,it is of great practical significance for the exchange to learn from the operational experience of foreign exchanges and to optimize its operation model,taking into consideration its own management model,operational characteristics and existing difficulties.By researching domestic and foreign literatures and interviewing experts and scholars,this paper obtained deep understanding of the establishment and development of foreign exchanges.Taking the example of the operational level of SYG exchange,the paper investigated its current management status by field research.Targeting at the main existing problems,combined with the spirits of China's oil and gas market reform,the paper proposed individualized countermeasures and suggestions regarding trading products,trading modes,delivery modes,deep mining of big data,etc.