Core Insights - Shanghai's Putuo District has developed a leading position in bulk commodity trading, particularly in non-ferrous metals, establishing a unique production-oriented internet service platform [1][3] - The Shanghai Metal Exchange, the predecessor of the Shanghai Futures Exchange, has significantly contributed to the growth of metal trading in the region, with transaction volumes soaring from tens of billions to 760 billion yuan by 2024 [2][3] - The district aims to enhance the global influence of "Shanghai prices" in commodity trading, addressing the long-standing issue of China's lack of pricing power in the global market [4][5] Industry Development - The Putuo District has transformed from a single trading venue to a comprehensive service platform, achieving a trading scale of 1.1 trillion yuan in non-ferrous metals, which constitutes 78.4% of the district's total commercial sales [3][6] - The district's bulk commodity trading accounts for approximately one-sixth of Shanghai's total, with non-ferrous metals making up about one-third of the city's trading volume [3][6] Policy and Support - The Shanghai municipal government has issued policies to support the development of a production-oriented internet service platform in Putuo, with measures focusing on enhancing financial services and promoting industrial clusters [7][11] - The district aims to achieve a trading scale of over 10 trillion yuan by 2027, further increasing the share of "Shanghai prices" in global trading [5][11] Technological Innovation - The Shanghai Non-Ferrous Metals Trading Center is leveraging blockchain technology to enhance transparency and security in transactions, addressing issues like information asymmetry and transaction risks [13][14] - The integration of financial technology is a key highlight of the digital transformation, with initiatives to develop innovative supply chain financial products and improve transaction efficiency [14] Future Goals - By 2030, Putuo District plans to attract 50 major supply chain enterprises and establish a national-level innovation platform for non-ferrous metal trading [12] - The district is focused on digital transformation to enhance operational efficiency and competitiveness, utilizing advanced technologies such as big data and IoT [12][14]
普陀区创新发展大宗贸易,助力“上海价格”走向全球
Sou Hu Cai Jing·2025-12-21 07:34