Core Viewpoint - The Shanghai Futures Exchange (SHFE) is enhancing its "Strong Source to Assist Enterprises" project to improve risk management for real economy enterprises through futures derivatives training and services [1][2]. Group 1: Training and Services - SHFE, in collaboration with Shanghai National Accounting Institute, launched a training program aimed at improving the hedging capabilities and compliance awareness of financial and futures personnel in enterprises [1]. - The training includes practical courses on hedging and accounting, innovative futures products, risk management practices, and global economic analysis to support stable business operations [1][2]. Group 2: Market Demand and Risk Management - There is an increasing demand for futures derivatives among enterprises due to global geopolitical changes and market price fluctuations, which are critical for stabilizing profits and controlling production costs [2]. - Experts emphasize the importance of correctly utilizing the futures market for risk management, highlighting that improper use can amplify risks [2]. Group 3: Accounting Standards and Compliance - The application of hedge accounting standards is strict, requiring enterprises to meet specific conditions before, during, and after hedging activities [3]. - Proper documentation and evaluation of hedging relationships are essential for compliance and effective risk management [3]. Group 4: Future Developments - SHFE aims to become a world-class exchange by enhancing risk prevention, regulation, and high-quality development, while continuously improving the service system for the real economy [3].

Core Insights - The launch of monthly average price futures for LLDPE, PVC, and PP has been successful, providing a stable pricing risk management solution for the chemical industry [1][5] - The trading volume and market participation have shown positive trends, indicating a growing acceptance of these financial instruments [1][5] Group 1: Market Performance - As of November 28, the monthly average price futures for the three chemical products have seen a cumulative trading volume of 23 trading days, with PP futures leading at 94,500 contracts and a transaction value of 3.053 billion [1] - The closing prices for the near-month contracts L2602F, V2602F, and PP2602F have decreased by 3.03%, 3.92%, and 3.69% respectively, reflecting market consensus on future monthly averages [2] Group 2: Industry Participation - Major companies like Zhejiang Mingri Holdings and Jingbo Petrochemical have actively engaged in trading these futures, with institutional clients accounting for over 60% of the transaction volume [2][4] - Jingbo Petrochemical has utilized the PP2602F contract for forward hedging, aligning with their long-term sales contracts that are linked to monthly average prices [3] Group 3: Future Outlook - The monthly average price futures are expected to play a significant role in the risk management framework for commodities, with companies expressing optimism about their potential [6] - There is a call for further training and optimization of contract designs to enhance market functionality and broaden participation [6]

Core Insights - The training program on futures and derivatives business aims to enhance understanding and application of these financial tools in the context of Hainan's Free Trade Port development [1][2][3] Group 1: Importance of Futures and Derivatives - Futures and derivatives markets are essential for stabilizing production and operations by helping businesses manage price volatility [1][2] - These markets serve as a catalyst for resource allocation towards advantageous industries, promoting industrial upgrading and transformation [1][2] Group 2: Government and Industry Collaboration - Key enterprises are encouraged to integrate futures tools into the broader development strategy of the Free Trade Port, with government and key zones enhancing their capacity for financial innovation [2][4] - The collaboration between Zhengzhou Commodity Exchange and Hainan's enterprises aims to support risk management and enhance market competitiveness [4] Group 3: Risk Management and Training - Emphasis is placed on the necessity of risk awareness and management as the Free Trade Port opens up, with a focus on identifying market and credit risks [3] - The training aims to build a professional cadre that understands policies, business operations, and risk management to effectively utilize futures tools [3][4]

Core Points - The new version of the "Agreement between the Government of the People's Republic of China and the Government of the Russian Federation on the Promotion and Mutual Protection of Investments" officially came into effect on December 1 [1] - The bilateral investment agreement was initially signed in 2006, aimed at creating a more stable, fair, transparent, and predictable business environment for investors from both countries [1] - Upgrading negotiations for the bilateral investment agreement began in 2022, leading to the signing of the new agreement on May 8, 2025 [1]

Core Insights - The article highlights the transformation and growth of the manufacturing sector in Henan, showcasing advancements in technology and the rise of new industries as key drivers of economic development [1][6]. Traditional Industry Upgrade - Traditional industries in Henan, particularly in Luoyang, are undergoing significant upgrades, with companies like Luoyang Bearing Group investing over 2 billion yuan in smart manufacturing, achieving a 70% share of high-end products [2][3]. - The industrial base in Henan, which has historically focused on heavy manufacturing, is shifting towards innovation and technology, with companies like CITIC Heavy Industries enhancing their digital capabilities and improving production efficiency by 20% [3]. Emerging Industry Cluster - New industries are emerging as a vital force for high-quality development in Henan, with significant advancements in sectors such as artificial intelligence and new energy vehicles [6][8]. - The strategic focus on new industries is supported by a comprehensive policy framework, which includes the "7+28+N" strategy to foster key emerging industries and enhance supply chain integration [6][7]. Economic Impact - By 2024, strategic emerging industries are projected to account for 24.8% of Henan's industrial output, reflecting a 2.4 percentage point increase from the end of the previous five-year plan [8]. - The growth of industry clusters is translating into tangible economic benefits, positioning Henan as a core growth engine for high-quality development [8]. Future Industry Layout - Henan's future industry strategy includes the development of 50 key technologies and the establishment of 50 leading enterprises by 2025, aiming to seize opportunities from the new technological revolution [9]. - Companies like Yutong Bus are leading the charge in the new energy vehicle sector, fostering a collaborative ecosystem with over 290 local suppliers [9][10]. Capital Market Support - The capital market is being leveraged to support industrial transformation, with policies aimed at facilitating mergers and acquisitions and enhancing access to financing for technology-driven enterprises [10][11]. - Recent initiatives include the establishment of a 3 billion yuan fund for artificial intelligence development, aimed at addressing financing challenges for tech companies [11].

Core Viewpoint - The company emphasizes the importance of studying and implementing the principles outlined in "Xi Jinping: The Governance of China" Volume V to enhance its operational capabilities and align with national goals [1][2][3] Group 1: Learning and Implementation - The company has initiated a comprehensive learning campaign to promote the understanding of "Xi Jinping: The Governance of China" Volume V among all employees, aiming to deepen their grasp of the "Two Establishments" and enhance the "Four Consciousnesses" [1][2] - Various learning formats, such as theoretical study groups and reading classes, are being utilized to facilitate in-depth discussions and practical applications of the book's principles [2] - Employees are encouraged to integrate the teachings from all five volumes of "Xi Jinping: The Governance of China" into their daily work to ensure alignment with the Party's directives and enhance the company's contribution to national development [3] Group 2: Service to the Economy - The company aims to improve its service capabilities to the real economy by leveraging the price discovery and risk management functions of the futures market [2] - There is a commitment to maintaining systemic financial risk control while promoting technical, data, and integrity security [2] - The company plans to expand its "insurance + futures" projects to help farmers mitigate price volatility risks, thereby contributing to national food security and carbon neutrality goals [2]

Core Insights - Hengyin Futures Co., Ltd. is the only legal futures operating institution in Hebei Province, focusing on enhancing its research and investment system and digital transformation to support local economic development and rural revitalization strategies [2][9] - The recent Fourth Plenary Session of the 20th Central Committee approved a proposal that integrates the futures market into the national financial strategy, emphasizing the "steady development" of the futures industry and opening new avenues for growth [2] - Hengyin Futures is entering a new phase of comprehensive service for the development of the real economy, leveraging its role within the Hebei Construction Investment Group [2] Digital Transformation and Research Upgrade - Since 2022, the company has provided nine service segments through an online service system, including real-time trading broadcasts and market analysis, to meet diverse client needs [7] - In 2025, Hengyin Futures will launch the "Hengyin Futures Smart Data Platform," aiming to integrate industry client services with online investment consulting, enhancing its intelligent research and data management capabilities [15] - The company is developing an AI-based hedging system to assist Hebei enterprises in managing price volatility risks and securing operational profits [7] Industry Empowerment and Social Responsibility - Hengyin Futures has established two service brands, "Qihuiqi" and "Qihuinong," to provide price information and risk management consulting to industry clients [7] - The company initiated the Hebei Logistics and Procurement Association Delivery Warehouse Branch, promoting collaboration between futures, warehousing, logistics, and industry chains [7][10] - Hengyin Futures has received multiple awards, including the "Best Comprehensive Rural Revitalization and Social Responsibility Public Welfare Award," reflecting its commitment to social responsibility and rural education [5][12] Educational Support Initiatives - The company has focused on rural education as a key area of social responsibility, launching various initiatives to support local schools, including donations of educational materials and books [13][16] - Hengyin Futures has organized expert-led sessions to enhance the educational experience for rural students, broadening their academic horizons [14] Future Directions - Hengyin Futures aims to continue its exploration in rural revitalization while enhancing its services for the real economy, focusing on investor education and futures services for key enterprises in Hebei [18] - The company plans to deepen its digital transformation through the Smart Data Platform, enhancing its ability to serve the real economy and integrating futures tools into production and operations [18]

中泰期货始终坚守"金融报国"初心，以"研究+"模式推进业务创新，深度服务国家和区域发展战略。山 东棉花"保险+期货"项目不仅是金融工具与农业风险管理的有机结合，更是期货行业服务实体经济、践 行社会责任的典范。 未来，中泰期货将持续深化"保险+期货"模式创新，进一步拓展品种覆盖范围，优 化风险管理工具，助力更多农产品实现稳价保供。 山东省作为我国重要棉产区，近年来受棉花价格波动加剧影响，棉农收益稳定性面临挑战，亟需高效的 风险管理解决方案。在此背景下，中泰期货积极响应中央金融工作会议精神，在省农业农村厅、省财政 厅的大力支持下，立足山东棉花产业发展实际，于2019年联合多家金融机构，创新推出全国首个"省域 整建制投保"的棉花目标价格"保险+期货"模式。该模式由保险公司为棉农提供棉花价格保险，由保险公 司通过购买期货风险管理子公司提供的场外期权转移风险，期货公司则借助场外期权工具完成风险对 冲，共同为种植户构建价格保护网。项目开展以来，已累计覆盖山东省19个县（区）的40多万户棉农， 为约200万亩棉花提供价格风险保障，项目总金额超25亿元，农业农村部门与财政部门为试点项目累计 提供保费支持超2亿元，累计赔付金额 ...

Core Viewpoint - The event aimed to promote the "insurance + futures" model for the natural rubber industry in Menglian County, enhancing the quality development of the local rubber sector through financial innovation and party-building initiatives [1][2]. Group 1: Event Overview - The training session on "insurance + futures" for natural rubber was successfully held in Menglian County with support from the Shanghai Futures Exchange and the local government [1]. - The event included a joint party-building activity, emphasizing the integration of financial tools and party leadership to drive development in border areas [1]. Group 2: Local Government and Project Impact - Local government leaders highlighted the current state of agricultural development and praised the past achievements of the "insurance + futures" project, awarding a certificate of honor to Dadi Futures [1]. - Dadi Futures has been operating the "insurance + futures" project in Menglian for eight consecutive years, providing price risk protection to over 20,000 local rubber farmers, amounting to nearly 300 million yuan [2]. Group 3: Future Directions and Collaboration - The project manager from Dadi Futures discussed the operational model and case studies of "insurance + futures," engaging participants in exploring future optimization paths for the project [1]. - A signing ceremony for party-building collaboration was held, aiming to enhance interaction between party development and corporate growth through resource sharing and experience exchange [1].

2025年11月25日至26日，由期货日报社联合证券时报社主办的"2025年期货业高质量发展创新研讨会暨第十 八届中国最佳期货研究团队评选颁奖典礼"在湖南长沙成功举办。中泰期货凭借卓越的综合实力与专业表 现，荣获"中国最佳期货公司""中国期货公司金牌管理团队""最佳商品期货产业服务奖"等26个奖项。公司首 席信息官裴英剑出席典礼并代表公司上台领奖。 在分析师单项奖评选中，中泰期货共18名分析师凭借深厚的行业积淀与突出的研究成果，在宏观金融、黑 色、能源化工等多个领域荣获"最佳分析师"称号。 "中国最佳期货经营机构暨最佳期货研究团队"评选活动至今已成功举办十八届，是国内设立最早、行业最权 威和最具影响力的评选活动之一。本届评选共吸引77家期货公司、30家期货IB证券经营机构、42家研究所、 167个研究团队及587位分析师参评。 此次获奖，充分体现了社会各界对中泰期货专业能力、服务水平和品牌价值的认可。未来，中泰期货将始终 秉承"合规、诚信、专业、稳健、担当"的行业文化，践行金融服务实体经济的初心使命，坚持"把牢一个方 向，抓实一个方法"经营发展思路，持续提升专业能力与综合服务质效，为客户创造更大价值，为期货市 ...