上海发布18项措施，提升有色金属大宗商品能级和全球定价影响力

Group 1 - The core viewpoint of the news is the release of the "Action Plan to Strengthen the Linkage between Futures and Spot Markets and Enhance the Competitiveness of Nonferrous Metal Commodities" by Shanghai, aimed at improving resource allocation and global pricing influence in the nonferrous metal sector to support the construction of Shanghai as a financial hub [1] Group 2 - The plan includes 18 measures focusing on enhancing market interconnectivity and promoting the development of futures, spot, and derivatives markets in the nonferrous metal sector [2] - It supports the Shanghai Clearing House and Shanghai Futures Exchange in communication regarding clearing and risk management, and encourages local enterprises in sectors like automotive, construction, and home appliances to participate in futures and OTC derivatives markets for better price risk management [2] Group 3 - The plan aims to enhance the internationalization of the nonferrous metal futures market and increase the influence of "Shanghai prices" by gradually opening up high-level systems and including eligible nonferrous metal futures options in the scope of foreign access [3] - It also explores innovative cross-border delivery mechanisms and aims to implement overseas warehousing and cross-border delivery business models under controlled risks [3] Group 4 - The initiative focuses on cultivating a competitive trading ecosystem by promoting collaboration between commodity enterprises and upstream and downstream industries [4] - It encourages the application of blockchain technology in the nonferrous metal sector to facilitate data sharing across platforms, institutions, and regions, and supports legislation on warehouse receipts to enhance their validity and authority [4]