中信期货：以高质量发展践行金融强国使命 谱写中国式现代化期货新篇章

Core Insights - The article discusses the significant impact of the State Council's guidelines on the development of China's futures market, emphasizing the role of institutions like CITIC Futures in implementing these strategies to enhance the market's service to the real economy [1][8] Group 1: Enhancing Service to the Real Economy - The guidelines aim to improve the quality and efficiency of the commodity futures market in serving the real economy, particularly in supporting risk management for manufacturing enterprises [2] - CITIC Futures has focused on integrating various business models, such as "on-exchange + off-exchange" and "futures + spot," to upgrade product services and enhance interaction between the financial system and the real economy [2] - By mid-2025, CITIC Futures had served over 10,000 industrial clients, with steady growth in transaction volumes related to hedging and delivery, indicating an increase in both the breadth and depth of services to the real economy [2] Group 2: Financial Functionality and Innovation - CITIC Futures has implemented the central government's financial strategies by enhancing services in key areas, focusing on green finance and inclusive finance to better serve the real economy [3][4] - In green finance, the company has expanded its market applications for strategic emerging industries and provided risk management services for industries related to lithium carbonate and polysilicon, positioning itself as a leader in market holdings for these products [3] - The inclusive finance initiatives have led to over 400 "insurance + futures" projects, benefiting approximately 925,000 farmers and agricultural enterprises, showcasing significant social and economic impacts [4] Group 3: Market Development and Stability - CITIC Futures has promoted a diversified service model targeting both institutional and retail clients, contributing to a balanced investor structure and increased market capacity [5][6] - The company has maintained the largest margin scale in the industry for 14 consecutive years, with leading transaction and holding shares, enhancing market stability and resilience [6] Group 4: Internationalization and Global Integration - The company has accelerated its international business capabilities, essential for supporting national strategies and enhancing the pricing power of commodities [7] - CITIC Futures has attracted international institutions to participate in the Chinese futures market and has developed a comprehensive service system through its Hong Kong subsidiary, facilitating cross-border transactions [7] - The firm has also enhanced its global research capabilities, improving its cross-border service strength through bilingual reports and international forums [7]