海南国际清算所：聚焦大宗商品风险管理 促进市场创新融合发展

Core Insights - The forum on commodity risk management and market innovation highlighted the need for refined cost control and precise risk hedging for commodity enterprises amid global economic adjustments and market volatility [1][3] - The development of the over-the-counter (OTC) market has gained recognition for its value in serving the real economy, providing tailored risk management solutions for enterprises [2][3] - The rapid expansion of the Hainan International Clearing House's OTC swap clearing business demonstrates significant growth in the number of products and clearing scale, indicating a robust market response [3][4] Group 1: Market Dynamics - The global commodity market is facing pressures from geopolitical conflicts, energy transitions, and supply chain resilience, necessitating innovative risk management strategies [1][3] - The Hainan International Clearing House has established a comprehensive risk control system and developed proprietary clearing and information management systems to support the OTC market [2][3] - The forum addressed the integration of risk management, market innovation, and compliance technology as key themes for industry advancement [3][4] Group 2: Practical Applications - The forum provided insights into macroeconomic challenges, such as changes in interest rates and cross-border capital flows, affecting domestic monetary policy [4] - The discussion included the importance of asset management for enterprises, showcasing product design strategies that enhance returns through derivatives [4][5] - The transition towards a dual-carbon target is reshaping commodity allocation logic, emphasizing the need for practical guidelines in energy structure transformation [5][6] Group 3: Future Directions - The Hainan International Clearing House aims to deepen its swap clearing business and expand its clearing product offerings to meet diverse market needs [7] - The establishment of cross-border settlement services is planned in conjunction with the upcoming closure of the Hainan Free Trade Port, facilitating international trade [7] - Ongoing research into the clearing needs of the spot market will lead to new models that enhance transaction security and market efficiency [7]