期货行业进入核心系统信创“深水区”，恒生电子以技术赋能行业自主创新

Core Insights - In 2025, China's futures market is expected to achieve a milestone with total funds and client equity surpassing 2 trillion yuan, setting a historical record [1] - The continuous expansion of market scale and the improvement of the variety system are raising higher demands on the performance, stability, and business capacity of futures companies' core systems [1] Industry Developments - Recently, Hengsheng Electronics (600570) has assisted multiple financial institutions in upgrading their core systems, marking the maturity and stability of the new generation of core systems in the futures industry [1] - This upgrade is seen as a significant step towards the large-scale implementation of domestic innovation in core systems, balancing "self-controllable" and "business development" during the industry's transformation [1] Challenges and Responses - The deepening of independent innovation in information technology is accelerating the construction of a new generation of self-controllable technical foundation in the industry [1] - Traditional core systems are increasingly showing limitations in functionality, performance bottlenecks, and insufficient data integration, which cannot support the growing trading volume and diversified business scenarios [1] - The industry consensus is that synchronizing independent innovation with application system upgrades is essential for ensuring financial security, enhancing service efficiency, and responding to future competition [1]