华泰期货研究成果发表在国际期货权威期刊

Core Insights - The rapid development of China's futures industry has significantly contributed to the real economy, with many futures institutions conducting in-depth research along the industrial chain to provide valuable references for enterprises [1] - Huatai Futures has published a groundbreaking research paper in the Journal of Futures Markets, introducing the concepts of "Storage Momentum" and "Momentum Difference" to predict price returns in the nonferrous metals futures market, marking a significant achievement for Chinese futures companies [1][2] Industry Developments - Nonferrous metals are essential raw materials for manufacturing and clean energy, and their price fluctuations have a profound impact on the global supply chain, necessitating innovative predictive indicators [2] - The new testing method proposed in the research shows significant differences from traditional models, identifying predictive capabilities for aluminum and validating the effectiveness of models for copper and nickel, particularly in medium to long-term momentum difference indicators [2] - This research introduces a new quantitative tool for the industry and develops testing methods that adapt to complex data characteristics, addressing the failures of traditional models under extreme market conditions [2] Company Strategy - Huatai Futures is enhancing its core competitiveness through independent research and development of quantitative models, optimizing asset allocation for clients, and increasing client retention [2] - The company is implementing a multi-dimensional strategy in research and internationalization, focusing on interdisciplinary collaboration and real-time data analysis to improve research accuracy [3] - By leveraging China's position as a major global metal consumer, Huatai Futures is providing customized hedging tools for enterprises along the Belt and Road and participating in international trading to enhance the pricing power of Chinese enterprises in the global commodity market [3] Future Recommendations - The futures industry is encouraged to strengthen the cultivation and introduction of professional talent, enhance pricing model research and application capabilities, and promote collaboration between futures institutions and academic research organizations [4] - There is a call for the industry to learn from international best practices while continuously optimizing based on national conditions to ensure steady progress [4]