自2023年以来，国海良时期货始终牢记金融机构社会责任，积极响应国家乡村振兴战略号召，以"党建引领、产业赋能"为核心思路，聚焦浙江省杭州市淳安 县特色产业发展需求，通过签订帮扶协议、捐赠资金、开展技能培训等多元举措，助力破解当地产业发展瓶颈，为农户增收致富注入金融力量，用实际行动 诠释期货行业服务实体经济、助力乡村振兴的使命担当。 一、精准对接淳安县百照村：破解高山蔬菜产销瓶颈，激活集体经济新动能 淳安县金峰乡百照村地处山区，平均海拔近400米，独特的地理气候条件孕育出品质优良的高山蔬菜。2021年，百照村村集体立足资源优势，正式运营泽塘 里自然村高山蔬菜种植基地，基地占地面积30亩，重点培育百照羊角辣椒、高山毛豆等特色品种。凭借原生态种植方式和鲜嫩口感，基地蔬菜一经上市便广 受市场青睐，2021年至2023年期间累计产出蔬菜4万余斤，实现销售额8.5万元，成为村集体经济增收的重要支柱，也为当地村民提供了就近就业的机会。 2025年4月22日，国海良时期货党总支副书记、总经理唐见国带队赴安上村开展党建与乡村振兴活动。在座谈会上，唐见国与安上村书记李新竹，以及其他 村干部、村民代表、相关工作人员齐聚一堂，围绕村 ...

据伊宁市相关部门出具的证明，该项目已直接惠及30户脱贫人口，并通过土地流转、田间务工、运输销 售等链条，带动111名农村劳动力实现就业创业。 海证期货相关负责人表示，公司始终坚持"因地制宜、务求实效"的帮扶原则，未来将持续关注博孜村农 业发展需求，在产销对接、技术培训、防灾减灾等方面探索更多支持方式，助力小农户融入现代农业体 系。 如今，在天山脚下、伊犁河畔，一株株玉米不仅承载着丰收的期盼，更映照出社会力量参与乡村振兴的 务实担当。海证期货以"粮"心守初心，用实际行动诠释了：产业帮扶，贵在精准，重在长效，成在为 民。 粮食安全是"国之大者"，产业兴旺是乡村振兴之基。在新疆伊犁河谷腹地的伊宁市胡地亚于孜镇博孜 村，一片片绿油油的玉米田正孕育着丰收的希望。近日，海证期货有限公司投入4万元专项资金，精准 支持当地玉米种植产业发展，通过改善生产条件、提升种植效益，有效带动30户脱贫人口稳定增收，为 边疆地区夯实粮食安全根基与巩固脱贫成果注入了坚实力量。 ...

Group 1 - The core idea of the news is the successful implementation of a vegetable greenhouse project in Bayande Village, Hami City, Xinjiang, which has become a new engine for local income generation and poverty alleviation [1][2] - Haizheng Futures Company provided targeted financial support of 20,000 yuan to assist in the construction of vegetable greenhouses, effectively revitalizing land resources and enhancing agricultural efficiency [1] - The project has directly benefited 40 impoverished households, helping to stabilize their income and providing local employment opportunities for 40 rural laborers [1] Group 2 - The company emphasizes a shift from "blood transfusion" to "blood production," focusing on sustainable development and support for local agricultural industries [2] - Future support will include technical training, market connections, and brand building to help small farmers integrate into the modern agricultural industry chain [2] - The greenhouses are not only producing fresh vegetables but also instilling hope and confidence in the local community, transforming resource advantages into development momentum [2]

Group 1 - The offshore RMB to USD exchange rate has surpassed the 7.0 mark, reaching a high of 6.9985, marking the first time since September 2024 that both offshore and onshore RMB have crossed significant thresholds [1] - The overall trend for the offshore RMB against the USD in 2025 has shown a pattern of "initial suppression followed by recovery and oscillation," indicating a clear appreciation trend [1] - The recent appreciation of the RMB is attributed to a weaker USD, a decline in the USD index, strong fundamentals from the Chinese economy, and year-end demand for currency settlement [2] Group 2 - The interest rate cuts by the Federal Reserve have led to a recovery in the China-US interest rate differential, supporting the continued mild appreciation of the RMB [2] - The People's Bank of China has emphasized maintaining the RMB exchange rate stability at a reasonable and balanced level, indicating a focus on monetary policy adjustments to support this goal [4] - The offshore RMB's appreciation is expected to have a positive impact on the capital markets, enhancing the risk appetite for Chinese equities and increasing foreign investment in RMB-denominated assets [3] Group 3 - The appreciation of the offshore RMB is expected to have a mixed impact on trade, reducing import costs for commodities while potentially weakening the competitiveness of export-oriented goods [2] - The central bank's recent meetings have highlighted the importance of using various monetary policy tools to ensure liquidity and stabilize the RMB exchange rate [4] - Market participants are advised to be cautious of unilateral exchange rate fluctuations and consider using financial instruments to hedge against short-term volatility [3]

Group 1 - The Guangdong Province has issued a comprehensive policy document titled "Guangdong Province's Work Plan for Promoting Financial Services for the Construction of a Strong Technological Province," aiming to enhance the financial system to support technological innovation and high-level self-reliance [1] - The plan introduces innovative mechanisms, including the integration of futures tools and a technology innovation index into the financial policy framework, marking a first in supporting the entire lifecycle of technological innovation [1] - Specific initiatives include the development of futures products related to strategic emerging industries, with a focus on refining the new energy futures sector and advancing the research and listing of lithium hydroxide futures [1] Group 2 - The futures products mentioned, such as lithium hydroxide and carbon emission rights, are part of the planning by the Guangzhou Futures Exchange, which has previously launched various futures and options to support green development industries [2] - The carbon emission trading mechanism is a key policy tool for achieving China's "dual carbon" goals, with the national carbon market expanding from 5 billion tons to 8 billion tons in emission coverage this year, increasing the number of regulated enterprises from over 2,200 to 3,700 [2] - The introduction of carbon emission futures and options is expected to enhance market liquidity and provide effective risk management tools for participants, thereby strengthening China's position in the international carbon market [3] Group 3 - The Guangzhou Futures Exchange has nearly completed the design of the carbon emission futures contract and plans to proceed with its listing while focusing on foundational research and contract design [3] - Future efforts will concentrate on innovative fields such as new energy, new materials, and carbon emissions, with an emphasis on expanding product offerings and enhancing the application of weather indices in futures markets [3] - The exchange aims to strengthen market cultivation services, improve market regulation, and better support green development and initiatives like the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative [3]

Group 1 - The Dalian Commodity Exchange announced that starting from December 30, 2025, the price limit for coking coal and coke futures contracts will be adjusted to 10%, while the trading margin levels will remain unchanged [1] - After the resumption of trading on January 5, 2026, the price limit for coking coal and coke futures contracts will revert to the pre-holiday standards on the first trading day when the largest contract by open interest does not experience a price limit with continuous quotes [1]

Group 1 - The training event aimed to implement the spirit of the policy on strengthening regulation and preventing risks to promote high-quality development in the futures market [1] - The training emphasized the need for the industry to transition from traditional channel business to derivative risk management services, commodity asset management institutions, and wealth management consulting [1] - The use of AI technology is highlighted as a means to enhance the professional capabilities of industry personnel [1] Group 2 - The analysis of the sugar industry cycle illustrated the relationship between price and supply-demand changes, emphasizing the use of futures and options tools to achieve cost reduction and efficiency improvement [2] - Compliance and risk management are identified as fundamental guarantees for the sustainable development of futures practitioners [2] - The training provided practical guidance on market analysis, risk control, and compliance practices, while also addressing the direction for brokerage business transformation [2]

近日，在上海期货交易所（以下简称上期所）的大力支持下，西南期货有限公司（以下简称西南期货） 联合中国太平洋财产保险股份有限公司云南分公司（以下简称太平洋财险）在云南省墨江哈尼族自治县 开展的2025年上期所天然橡胶支农专项"保险+期货"项目顺利结束。该项目为当地1100吨天然橡胶提供 价格风险保障，惠及1400余户胶农，最终实现赔付约81万元，赔付率103.59%，有效助力边境民族地区 橡胶产业稳健发展，为乡村振兴注入金融动能。 墨江哈尼族自治县作为我国天然橡胶主产区之一，长期面临橡胶价格波动带来的挑战，直接影响胶农收 益与产业可持续成长。在上期所的专项扶持下，西南期货连续两年在墨江落地天然橡胶"保险+期货"项 目，参保规模与保障水平均逐年提升。截至目前，已累计承保天然橡胶2200吨，保障金额约3683万元， 为当地超1600户胶农筑牢价格"防护网"，其中涵盖脱贫户620户，少数民族家庭1241户。 项目实施过程中，西南期货坚持党建引领，深化与墨江县乡村振兴战略合作。双方签署党建共建协议， 通过走访调研、交流培训等系列举措，形成"项目推进+党建引领+知识普及"三位一体服务模式。项目 团队深入田间地头，持续优化 ...

Core Viewpoint - The recent measures announced by the Tianjin Free Trade Zone management aim to promote high-quality development of bulk commodity trading venues, emphasizing the integration of futures and spot markets to enhance local industries [1] Group 1: Policy Measures - The measures include encouraging trading venues to establish quotation zones in futures exchanges and exploring collaboration with delivery warehouses to provide basis pricing services for enterprises [1] - Various regions, including Zhejiang, Dalian, Zhengzhou, Qingdao, and Guangxi, have also introduced policies supporting the development of futures-spot market integration, showcasing both common features and differentiated strategies [1] Group 2: Local Practice and Achievements - Local practices have shown significant progress in integrating futures and spot markets, with models like basis trading becoming widely adopted in sectors such as agriculture and chemicals [2] - The "insurance + futures" model has effectively supported rural revitalization, providing price risk protection for numerous farmers across various products [2] Group 3: Challenges in Integration - Fundamental issues remain in the development of futures-spot integration, including insufficient infrastructure connectivity, low market participant engagement, and inadequate regulatory coordination [3] - Problems such as "data islands" and lack of mutual recognition of delivery warehouse qualifications hinder efficient market operations [3] Group 4: Development Strategies - Establishing a multi-layered commodity trading market system is essential, with a focus on cooperation and integration between futures and spot markets [4] - Key strategies include addressing market fragmentation, enhancing risk management, and fostering a collaborative ecosystem among stakeholders [5][6] Group 5: Empowering Local Industries - The integration model can significantly empower local industries facing price volatility and supply chain challenges, enhancing their competitiveness and market positioning [8] - Futures exchanges and companies should leverage their expertise while aligning with government and financial institutions to create a synergistic effect [8] Group 6: Future Outlook and Recommendations - Building a multi-layered commodity market system is a long-term and complex task, requiring alignment with national strategies and breakthroughs in key areas [9] - Recommendations include promoting policy innovations, exploring mechanisms for national resource reserves, and enhancing international cooperation to attract foreign investment [9]

Core Viewpoint - The Dalian Commodity Exchange (DCE) is set to launch series options for soybean meal and corn on February 2, 2026, aimed at enhancing risk management tools for the agricultural sector [1][2]. Group 1: Series Options Overview - Series options will be introduced alongside existing conventional options, covering 12 expiration months, which is a common practice in global commodity options markets [1][2]. - The introduction of series options is expected to lower the cost for option buyers, with premiums for one-month expiration soybean meal options being approximately 28% lower compared to conventional options [1][2]. Group 2: Market Impact and Participation - The launch of series options is anticipated to enrich the expiration structure of the options market, thereby increasing trading willingness among investors [2]. - In 2025, DCE's soybean meal options ranked first globally in trading volume among agricultural options, while corn options ranked eighth, indicating strong market participation [2]. Group 3: Design Features and Industry Needs - Series options are characterized by "late listing, early expiration, and short duration," typically listed about five months before the underlying futures contract's delivery month, with a lifespan of approximately three and a half months [3]. - This design aligns well with the short-term risk management needs of industries, particularly benefiting small and medium enterprises that may struggle with standard futures hedging due to capital constraints [3]. Group 4: Future Developments - DCE plans to ensure a smooth launch and trading of the soybean meal and corn series options while enhancing market awareness and participation [4]. - The exchange will continue to monitor the performance of series options and explore additional short-term options tools to provide more diverse and precise risk management solutions [4].