台灣期貨業西進大陸的利基與挑戰

在國際經濟競爭日愈激烈的商業活動中，世界各國為了維持競爭優勢，相繼以商業結盟的方式來固守其經濟利益。台灣政府與中國大陸分別於2002 年1 月1 日及2001 年12 月11 日，加入世界貿易組織。根據加入WTO 所做的承諾，組織成員將遵守世貿組織和服務業貿易總協定（General Agreement on Trade Services, GATS）各種有關協定的規範，在五年內逐步取消各種管制，向外國開放金融市場，兩岸金融體系的改革正面臨新的挑戰。台灣與中國大陸於 2009 年11 月16 日簽署「兩岸金融監理合作瞭解備忘錄」（Memorandum of Understanding，簡稱MOU），更於2010 年6 月29 日簽署「兩岸經濟合作架構協議」(Economic Cooperation Framework Agreement，簡稱ECFA)，兩岸金融業的交流合作正式邁入一個全新的紀元。本研究乃就兩岸期貨業的發展沿革與發展現況，對兩岸期貨業當前的市場、制度與問題，加以探討分析，做為台灣期貨業西進大陸的參考。兩岸經貿往來已非一朝一夕，台灣金融業如何在這一波資產大調整的過程中，立足台灣、前進中國、放眼全世界，只有促進兩岸和諧、合作共創雙贏，才是唯一的方法與目標。茲以下列四點做為本文的結論與建議：(一)推動台灣期貨交易所成為大陸認可之境外交易所 (二)促進兩岸商品、交易所、期貨商交流合作 (三)開放陸資從事期貨市場交易，有助於穩定金融市場成長。(四)把握兩岸整合契機，共創期貨市場榮景。

關鍵字

兩岸金融監理合作瞭解備忘錄；兩岸經濟合作架構協議；台灣期貨業；大陸期貨市場

並列摘要

In the commercial activities in an increasingly competitive international economy, to maintain competitive advantage, countries around the world successively solidified their economic advantages by forming commercial alliance. Taiwan's government and mainland China joined the World Trade Organization (WTO) in January 1st, 2002 and December 11th, 2001 respectively. In line with the commitment made to join WTO, members of the organization will comply with rulings of various related agreements made by the WTO and General Agreement on Trade Services (GATS) phasing out various controls over a five-year period and opening its financial services market to other countries. Cross-Strait financial system reform is now facing new challenges. Taiwan and China signed the memorandum of understanding (MOU) in November 16th, 2010 and they further signed Economic Cooperation Framework Agreement (ECFA) in June 29th, 2010. The exchanges and cooperation of financial industries across Strait have entered a new era. On the developing history and developing status of futures industries across Strait, this study investigates and analyzes the current markets, systems, and problems of futures industries across Strait and serves as a reference for Taiwan futures industry entering the market in China. The trade and economic relations across Straits have existed for a period of time. In the process of this major assets adjustment, how can Taiwan’s financial industry base itself in Taiwan, enter the market in China, and look the whole world? Promoting cross-strait peace to cooperate for a win-win situation is the only way and the only goal as well. In conclusion, there are four-point proposal: (1) Push Taiwan Futures Exchange to be approved foreign exchange in China. (2) Promote interflow or cooperation of cross-strait commodities, exchanges, and futures companies. (3) Approve the Mainland capital to invest in Taiwan’s futures market to promote stable growth of financial market. (4) Seize the opportunity from cross-strait integration and cooperate to create market prosperity.