（活力中国调研行）上海期货交易所打造价格影响力高地

Core Viewpoint - Shanghai Futures Exchange (SHFE) is enhancing its influence in the international commodity market by expanding its range of futures and options products, thereby establishing "Shanghai prices" as a key reference point globally [1][2]. Group 1: Product Offerings and Market Expansion - SHFE has listed 25 futures and 18 options products, with 5 futures and crude oil options directly open to foreign investors [2]. - The exchange's products have seen a cumulative trading volume of 1.606 billion contracts, with a total transaction value of 170.08 trillion RMB, reflecting year-on-year growth of 7% and 12% respectively [2]. - The market share of SHFE accounts for 27% of the national market in terms of trading volume and 36% in terms of transaction value [2]. Group 2: Role in the Global Commodity Market - SHFE is positioning itself as a crucial financial infrastructure that supports the high-quality development of the real economy by assisting global clients in pricing, trading, risk management, and resource allocation [4]. - The natural rubber futures contract listed in Shanghai has become the most liquid rubber futures contract globally, serving as a pricing benchmark for the rubber industry [4]. - The collaboration between SHFE and the Osaka Exchange for natural rubber futures signifies a substantial breakthrough in Sino-Japanese futures market cooperation, enhancing the service capabilities of both markets in the global commodity landscape [5].