Group 1 - The State Council, led by Premier Li Qiang, emphasized the need for all departments to align their actions with the central government's economic strategies and policies for the upcoming year, enhancing responsibility and urgency in task execution [1] - The meeting highlighted the importance of cross-departmental collaboration to effectively implement significant tasks, ensuring a collective effort to promote economic stability and growth [1] - A focus on safety production was reiterated, stressing the need for continuous vigilance and proactive measures to prevent major accidents, thereby safeguarding public safety and economic development [1] Group 2 - The meeting outlined a comprehensive approach to solid waste management, aiming to curb waste growth through reduction, resource utilization, and harmless disposal, particularly in areas closely related to public safety [2] - The draft implementation regulations for the Value-Added Tax Law were approved, emphasizing the need for clear legal guidelines to protect taxpayer rights and foster a fair competitive environment [2] - The draft Commercial Mediation Regulations were also approved, aiming to standardize mediation activities and enhance the credibility of mediators, while aligning domestic rules with international standards to support foreign trade cooperation [2]

12月19日，大商所发布公告，对《大连商品交易所焦煤期货合约》和《大连商品交易所焦煤期货业务细 则》进行修改，同时调整了河北省唐山市、天津市的区域升贴水，上述调整自JM2701合约起实施。自 JM2612合约最后交割日后第4个交易日起，大商所将按照调整后的规定办理标准仓单注册。 大商所相关业务负责人表示，未来大商所将继续密切关注煤焦产业发展，围绕企业避险需求、"一品一 策"持续优化焦煤期货合约，引导规则体系不断贴合现货市场变化，支持上下游产业链企业更好参与期 货市场，助力煤焦产业高质量发展。 据期货日报记者了解，自焦煤JM2304合约将山西省设置为基准交割地以来，大商所持续深耕培育国产 煤市场，不断完善山西地区交割库设施，目前已经逐渐形成了山西主产区和沿海港口并行的双交割中心 布局。近年来，随着低硫蒙煤的进口量增加，以及下游配煤管理日趋精细化，焦煤部分品质指标价差和 区域间价差发生了较大的结构性变化。 为推动焦煤期货合约进一步贴近现货实际，大商所在深入研究 分析焦煤供应结构、品质分布、现货价差以及贸易流通格局的基础上，结合行业专家和市场参与各方建 议，经过充分论证并征求全市场意见，对焦煤期货交割质量标准和部分 ...

Core Viewpoint - The Shanghai International Energy Exchange plans to revise the shipping index futures contract to better meet the needs of industrial clients and enhance service quality in shipping and foreign trade [1] Group 1: Contract Adjustments - The contract months will be adjusted from "February, April, June, August, October, December" to "the most recent 1-6 months as consecutive months (excluding February), and the following two seasonal months" [1] - The number of listed contracts will increase from 6 to 7-8, allowing for better alignment of futures and spot contract expiration dates for industrial clients [1] Group 2: Minimum Price Fluctuation - The minimum price fluctuation will be changed from "0.1 points" to "0.5 points" based on the current shipping market quotation situation [1]

本报讯近日，中国期货市场监控中心发文称，2025年以来，我国期货市场运行稳中有进，各类资金积极 布局、广泛参与，资金总量和客户权益持续增长，不断夯实期货市场高质量发展根基。继期货市场资金 总量于10月9日突破2万亿元之后，12月8日，期货公司客户权益突破2万亿元，较2024年年底增长超 30%。其中，特殊法人客户权益稳步增长。在各类特殊法人客户中，保险机构权益增幅最为显著，较 2024年年底增长约两倍。（鲍仁） （文章来源：期货日报网） ...

Core Viewpoint - The Guangzhou Futures Exchange has announced new trading limits for lithium carbonate futures contracts, effective December 23, 2025, to manage risk in the market [1] Group 1: Trading Limits - Non-futures company members or clients will have a daily opening position limit of 800 contracts for lithium carbonate futures LC2602, LC2603, LC2604, and LC2605 [1] - For lithium carbonate futures contracts LC2606, LC2607, LC2608, LC2609, LC2610, LC2611, and LC2612, the daily opening position limit will be set at 2000 contracts [1]

从"风险转移"到"价值创造"是内在动力。"保险+期货"模式的成功，根本在于它创造了真实价值。正如 广发商贸有限公司综合事业拓展部总监王凯所言，它用金融"魔法"破解了保障、价格与市场难以兼顾 的"不可能三角"。保险公司通过期货市场分散了自身风险，敢于提供更全面的保障；期货市场因实体需 求而更具深度；农户获得了保护，从而敢于投入生产、提升品质。从新疆红枣产业的标准化，到广西糖 企利用"含权贸易"实现溢价销售，都印证了有效的风险管理本身就是强大的生产力。 会议在热烈的讨论中落幕，"保险+期货"下一个十年的征程已然开启。如何进一步完善长效补贴机制？ 如何推动"保险+期货"与银行信贷、产业政策等更深度融合？这些问题有待相关方面贡献智慧，协力配 合去研究和解答。 当金融创新真正扎根乡土中国，与万千农户的福祉紧密相连时，其生命力必将超越周期，在乡村振兴的 宏大叙事中，续写更加绚丽的篇章。 （文章来源：期货日报网） 十年前，一个将保险与期货结合的模式，在破解"谷贱伤农""丰产不丰收"难题中悄然萌芽。十年 后，"保险+期货"模式已成为金融服务实体经济、助力乡村振兴的一张"金色名片"。 12月19日，由期货日报等主办的2025期 ...

中国期货业协会秘书长吴亚军表示，当前我国期货市场正迎来前所未有的发展机遇，但同时也面临着人才供给不足、结构失衡等现实挑战。人才培育的质量 直接关系到期货市场服务实体经济的深度和广度，关系到大宗商品资源配置枢纽建设的成效。针对当前高校人才培养与行业实际需求之间存在的差距，产教 融合是破解这一难题的"金钥匙"。杭州市上城区委常委、统战部部长、区金融产业发展委员会常务副主任陈健指出，上城区作为杭州核心区域，已培育形成 国内具有重要影响力的期货与大宗商品贸易产业集群，在业界形成了"中国期货看杭州，杭州期货在上城"的品牌和美誉。欢迎行业各界人士走进上城、扎根 上城，在人才培养与生态共建中深化合作，携手推动大宗商品领域实现更高质量创新发展。 期货日报网讯（记者 饶红浩）2025年12月20日，期货产教融合创新发展论坛暨期货产教融合联盟2025年会在杭州召开。本次大会主题为"支持·融合·共赢： 应用型期货人才培养——合力助推大宗商品资源配置枢纽建设"，会议由期货产教融合联盟与北京物资学院联主办，中国期货业协会，杭州市上城区委区政 府，北京物资学院领导出席会议并致辞。会议由北京物资学院副院长张旭凤主持。 会议期间，联盟为20 ...

Core Viewpoint - The resumption of lithium mining at the Jiangxi Yichun Jianxiawo mine by Ningde Times is progressing, with the first environmental impact assessment (EIA) information publicized, indicating a series of necessary approvals and permits are still required for normal operations [1][3]. Group 1: Project Updates - The Jiangxi Yichun Jianxiawo lithium mine project is undergoing its first EIA public notice as part of the approval process for mining operations [1]. - Ningde Times has submitted an application for the extension of mining rights to the Jiangxi Yichun Natural Resources Bureau, as the mining license expired on August 9, 2023 [1]. Group 2: Regulatory Context - Under the old regulations, lithium mica was classified under "other non-ferrous metal ores" or "ceramic clay minerals," affecting tax calculations, with a lower tax rate of 3.25%-6.5% applicable for ceramic clay [2]. - The new Mineral Resources Law, effective July 1, 2025, will classify lithium as an independent mineral, raising the standards for by-product mineral recognition, which may impact the mining strategy for the Jianxiawo mine due to its average lithium oxide grade of only 0.27% [2]. Group 3: Future Steps - After the EIA public notice process, Ningde Times will need to obtain various departmental approvals and complete additional work to secure a safety production license before resuming normal mining operations [3].

Core Viewpoint - The company, Zhongjin Wealth Futures Co., Ltd., is actively engaged in supporting rural revitalization efforts in Liangzhuang Village, Gansu Province, by addressing local heating and agricultural challenges through donations and investments [1] Group 1: Heating Support - The company donated 3 tons of "warm coal" to Liangzhuang Village to alleviate the heating shortage faced by local residents during the winter [1] - The coal donation is aimed at ensuring the safety and warmth of the local community during the cold season [1] Group 2: Agricultural Support - The company has invested in a seed zucchini high-standard demonstration project in Liangzhuang Village, which has exceeded initial yield expectations [1] - To address the current shortage of zucchini seeds and the lack of seed extraction machinery, the company donated 270 bags of zucchini seeds and one seed extraction machine to the village [1] - The donations are intended to empower ongoing agricultural revitalization projects, enhancing the local community's sense of gain, happiness, and security [1]

Core Viewpoint - The collaboration between the Dalian Commodity Exchange (DCE) and the Central Government Securities Depository and Clearing Co., Ltd. marks the first instance of qualified foreign institutional investors (QFII and RQFII) using government bonds as margin for commodity futures trading, indicating a significant step in the high-quality opening of China's financial infrastructure to foreign capital markets [1]. Group 1 - The new business practice fills a gap for foreign investors in using government bonds as margin for commodity futures, providing valuable experience for future scaling of this service [1]. - This initiative broadens the usage scenarios for RMB-denominated bonds for foreign investors, effectively reducing trading costs and promoting the integration of the bond and futures markets [1]. - The successful implementation of this business is a key measure to enhance the international attractiveness and competitiveness of the futures and bond markets in China [1]. Group 2 - The DCE and the Central Clearing Company plan to further enhance their international service levels, focusing on the core needs of foreign investors, and continue to promote institutional innovation and service upgrades [1].