Nanhua Futures(SH:603093) Xin Lang Cai Jing·2025-12-12 03:00Core Viewpoint - The 2025 Central Economic Work Conference outlines a new development blueprint emphasizing the need for a new service model that supports high-quality development and innovation in the futures industry to ensure the stability and long-term growth of the Chinese economy [1] Group 1: Strategic Intent - The core essence of new productive forces lies in innovation and quality, aligning the functions of the futures market with national development goals [2][10] - The service radius should expand from "key enterprises" to the "entire industrial chain," addressing the universal risk management needs of various enterprises, including multinational corporations and small to medium-sized enterprises [11] - The depth of service must evolve from "single tools" to "comprehensive solutions," transforming the role from a "tool provider" to a "general practitioner" and "strategic advisor" [11] Group 2: Innovation and Service Enhancement - Innovation is the primary driving force for development, and futures companies must create value that revolves around the needs of the real economy [12] - There is a need to promote product and strategy innovation to address urgent industry challenges, requiring a deep understanding of both finance and industry [13] - Digital transformation is essential for future survival, necessitating the establishment of intelligent customer service and research platforms that leverage big data and AI for precise customer behavior analysis and market risk warnings [14] Group 3: Collaborative Ecosystem - A collaborative approach is necessary to meet the comprehensive financial needs of the real economy, requiring partnerships with securities firms, banks, and insurance companies to provide "one-stop" financial services [15] - Utilizing the "production and finance base" and "platform+" ecosystems established by exchanges can enhance service delivery and expand the reach of financial services [15] Group 4: Risk Management and Talent Development - Risk control is a core competitive advantage, necessitating a comprehensive risk management culture that integrates compliance awareness into every business innovation and service [16] - A "long-termism" talent and assessment system is essential, focusing on developing professionals who understand both derivatives and industry dynamics, as well as financial technology [17]