中国期货业协会近日发布新一期期货公司高管人员专业能力水平评价测试合格人员名单，共涉及22名高管 人员。 其中，董事层中拟任董事长3名，分别是东吴期货、上海东亚期货，广州期货3家公司拟任董事长通过测试。经 营层拟任总经理2名，拟任副总经理6名，拟任首席风险官2名。 根据公布的名单，有3人拟任期货公司董事长一职。具体来看，孙中心拟任东吴期货董事长，薛峰拟任上海东 亚期货董事长，李松民拟任广州期货董事长。 此外，由中国期货业协会组织的"2024年度期货经营机构服务实体经济优秀案例征集活动"也顺利结束，28家期 货公司报送的39个案例入围协会"服务实体经济优秀案例库"。 最新一期名单出炉 经营层拟任总经理2名，拟任副总经理6名，其中道通期货经纪有限公司、华源期货（北京）拟任总经理通过测 试。 此外，拟任首席风险官2名，李志杰拟任华金期货首席风险官、董卫东拟任华创期货首席风险官。 39个案例入围协会优秀案例库 另外，由中国期货业协会组织的"2024年度期货经营机构服务实体经济优秀案例征集活动"日前顺利结束，28家 期货公司报送的39个案例入围协会"服务实体经济优秀案例库"。 本次入围的服务实体经济优秀案例，从业务模式看 ...

第三届中国国际供应链促进博览会于7月16日在北京中国国际展览中心（顺义馆）开幕。交通银行第三度以"官方合作 伙伴"身份支持链博会，以高标准、体系化的综合金融服务为共建安全、健康、高效的产业链供应链注入金融力量。 本届展会上，交行于W4馆核心展区打造"以链为媒，融通百业"主题展台。展台中央，巨型LED屏滚动展示着交行在五 篇大文章、链金融、跨境金融等核心领域的举措与成果，生动体现了交行推动金融与产业深度融合的决心与能力。此 外，交行还聚焦金融服务先进制造链、清洁能源链、智能汽车链、数字科技链、健康生活链、绿色农业链"六大链 条"，设置链金融、云跨行、电网通三个展示板块，推介特色链金融解决方案。 稳定、可控的产业链上下游是产业创新、可持续发展的重要保障。近年来，交行准确把握金融服务实体经济工作重 点，通过做强产品，做大生态，做优服务，实现金融活水对供应链上下游企业的精准滴灌，为提升产业链供应链韧性 和安全水平提供坚实支撑。 做强产品方面，交行逐步构建完善"基础产品+线上产品+秒融产品"产品体系。目前，已经形成涵盖应收应付融资、预 付款融资、订单融资、存货融资四大类数十个产业链金融产品。同时，借助开放银行、敏捷项目 ...

期货市场通过集中化交易机制形成的价格信号，为实体企业提供了穿越市场迷雾的"导航系统"，优化现 货市场定价体系。 以铁矿石产业链为例，在我国钢铁产业发展的初期，钢厂主要通过一口价或者签订长协的方式采购铁矿 石，现货采销多依赖境外普氏价格指数定价。然而，该指数样本采集范围狭窄、流程缺乏透明度，饱受 市场各方质疑。在此背景下，以大商所铁矿石期货价格为参照，采用"期货价格+基差"形式确定现货贸 易结算价的定价模式应运而生，改变了传统单一盯住普氏指数或港口现货一口价的定价模式，为贸易双 方提供了新的、流动性更好的定价参考。 具体来看，钢厂获得了灵活选择和定价权，规避了一次性买断的敞口风险。钢厂可以根据自身采购需 求，分批点价、付款和提货，通过预先锁定货源，使生产和库容安排更加合理。钢厂与贸易商签订固定 基差，锁定基差波动风险，同时获得点价主动权，有效解决了生产与采购时间错配的问题。在传统贸易 模式下，钢厂通常需签订当月指数或T+1月指数定价，可选择的时间范围较窄，而基差贸易模式下，双 方可在合同约定的点价时间范围内协商确定基准期货价格，大大提升了钢厂风险控制的灵活性。基差买 卖双方基于稳定的现货合作基础及交易经验，规避 ...

值得关注的是，今年入围案例在品种上实现了重要突破，国债期货服务实体经济的案例首度入选，这不仅弥补了此前 金融类期货案例的空白，也为金融期货服务实体经济提供了新的思路。同时，入围案例还囊括了工业硅、碳酸锂等新 能源期货品种以及新上市的原木期货等案例，这些案例的入选，及时地展现了期货服务实体经济的新动向，为相关产 业参与期货市场提供了指引，也为期货市场服务国家战略、支持新兴产业发展提供了参考实践。 由中国期货业协会组织的"2024年度期货经营机构服务实体经济优秀案例征集活动"日前圆满落下帷幕，28家期货公司 报送的39个案例入围中期协"服务实体经济优秀案例库"。 本次入围案例涵盖了近40个期货期权品种，从业务模式来看，包含场外期权、基差贸易、仓单服务、交割服务、咨询 服务、互换以及综合类服务模式等多种形式，体现了期货经营机构在服务实体经济过程中所提供的精细化、定制化服 务和不断提升的服务质效。 从服务对象看，案例涉及服务对象范围广泛，涵盖国有企业、上市公司、中小企业、合作社等各类主体，贯穿产业链 上、中、下游企业，彰显了期货经营机构在助力不同规模、不同产业环节企业应对市场风险、实现稳健发展方面的积 极作用。 | ...

央行：将进一步落实好适度宽松的货币政策 智通财经7月14日电，央行副行长邹澜今日表示，下阶段，人民银行将进一步落实好适度宽松的货币政 策，抓好各项已出台的货币政策措施执行，提升金融服务实体经济的质效。总量方面，把握好政策实施 的力度和节奏，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标 相匹配，持续营造适宜的金融总量环境。结构方面，突出金融服务实体经济的重点方向，聚焦科技创 新、扩大消费、民营小微等方面，强化政策协同联动，用好用足各项结构性货币政策工具，加力支持重 点领域和薄弱环节。传导方面，强化利率政策执行和监督，更好发挥行业自律作用，维护银行业市场竞 争秩序，提高资金使用效率，防范资金空转，把握好金融支持实体经济和保持自身健康性的平衡。完善 货币政策框架方面，进一步健全市场化的利率调控机制，优化货币政策中间变量，不断完善货币政策工 具体系，健全可置信、常态化、制度化的政策沟通机制，更好服务高质量发展。 ...

Core Viewpoint - The article discusses the significant impact of geopolitical conflicts on commodity prices since 2025, emphasizing the role of the futures market in stabilizing market expectations and addressing the challenges faced by enterprises in hedging against risks [1][6]. Group 1: Futures Market Functions - The futures market is becoming a key tool for stabilizing market expectations through price discovery, risk management, and resource allocation [1]. - New Lake Futures' risk management subsidiary, Xinhu Ruifeng, has served over 600 small and medium-sized enterprises (SMEs) in the first half of 2025, with a spot trading volume exceeding 4 billion yuan and an increase in nominal principal of nearly 6 billion yuan [1][2]. Group 2: Innovative Service Models - Xinhu Ruifeng has implemented a pricing model based on "futures price + negotiated basis" to provide basis trading services to hundreds of small paper manufacturers in Baoding, Hebei [2]. - The integration of upstream and downstream supply chains through innovative models has reduced operational costs and risks, allowing for efficient resource allocation [2][3]. Group 3: Challenges in Hedging - Enterprises face multiple challenges in utilizing futures for hedging, including a lack of professional teams and understanding of derivative products, leading to improper hedging strategies [3][4]. - The limited availability of futures products for certain key metals and niche agricultural products restricts comprehensive hedging capabilities across entire supply chains [4][5]. Group 4: Recommendations for Improvement - The article suggests enhancing trader education and talent development, accelerating product innovation, and optimizing regulatory policies to address the identified bottlenecks in the futures market [5][7]. - Specific recommendations include lowering margin requirements, expanding the range of tradable products, and improving the flexibility of hedging strategies for state-owned enterprises [8].

Core Insights - Suzhou International Development Group Co., Ltd. (Guofa Group) has transformed from a local state-owned enterprise to a modern financial group over 30 years, achieving significant growth in assets and profits [1][2] Group 1: Financial Performance - As of the end of 2024, Guofa Group's total assets reached 257 billion yuan, a 12.5% increase from the previous year, while net profit was 3.3 billion yuan, up 10% year-on-year [1] - The group has consistently demonstrated stable growth and impressive operational performance [1] Group 2: Strategic Development - Established in 1995, Guofa Group has undergone three strategic transitions: from state-owned asset management to focusing on financial responsibilities, and finally to becoming a local financial holding platform [2][3] - The group has successfully integrated five companies at its inception and has expanded its financial licenses to include banking, securities, insurance, and more, making it one of the most comprehensive state-owned financial platforms in China [2][4] Group 3: Organizational Evolution - The establishment of Guofa Group was a response to the national reform of state-owned enterprises, aiming to separate government and enterprise functions and enhance the management of state assets [3][4] - Over the years, the group has transformed its positioning to focus on financial investments, leading to the establishment of various local financial institutions [4][5] Group 4: Financial Strategy and Operations - Guofa Group has adopted a strategy of focusing on its core financial responsibilities while divesting non-core businesses, with nearly 90% of its assets in financial sectors [7] - The group has created a comprehensive financial ecosystem through mergers, acquisitions, and the establishment of various financial entities, enhancing its operational capabilities [6][7] Group 5: Support for the Real Economy - Guofa Group has developed a supply chain financial service platform to support small and medium-sized enterprises in Suzhou, aiming to reduce financing costs and promote high-quality industrial development [8] - The group collaborates with local courts and other institutions to provide financial solutions and stabilize the economy, positioning itself as a key player in supporting local economic growth [9]

Core Viewpoint - The meeting between Yunnan provincial leaders and the head of the National Financial Regulatory Administration emphasizes the importance of financial support for the province's economic development and modernization efforts [1] Group 1: Financial Support and Development - Yunnan provincial leaders expressed gratitude for the support from the National Financial Regulatory Administration, highlighting the need for more financial resources to be directed towards Yunnan [1] - The provincial government aims to enhance financial services for the real economy through the "Rongxinfu" platform, focusing on high-quality economic development [1] - The leaders outlined their commitment to advancing Yunnan's development by aligning with national strategies and improving financial product offerings [1] Group 2: Risk Management and Innovation - The National Financial Regulatory Administration acknowledged the effectiveness of the "Rongxinfu" platform and committed to supporting risk prevention and resolution efforts in Yunnan [1] - There is a focus on guiding financial institutions to better support the real economy and local socio-economic development [1] - The meeting underscored the collaborative approach between the provincial government and the regulatory body to address financial challenges and promote innovation [1]

Core Viewpoint - The event organized by the Shandong Futures Association aims to enhance communication and cooperation among futures companies, focusing on high-quality development and service to the real economy, in line with national policies [1][3]. Group 1: Event Overview - The Shandong Futures Association organized a learning exchange activity involving over 20 representatives from local futures companies, visiting Zhejiang-based firms to share experiences and strategies [1]. - The event was guided by the Shandong Securities Regulatory Bureau and aimed to build a communication bridge for mutual learning and development among futures institutions [1]. Group 2: Company Strategies and Insights - Hu Jun, Chairman of Zhejiang Merchants Futures, emphasized compliance as a cornerstone for sustainable development, focusing on research and innovation to simplify futures trading through technology integration [3]. - Jia Xiaolong, General Manager of Nanhua Futures, highlighted the company's commitment to serving national strategies and local economies, developing overseas business and wealth management as dual engines for growth [3]. - Ma Zhiwei, General Manager of Yong'an Futures, stated the company's mission of "finance for good, futures for reality," outlining three strategic focuses: commodity investment banking, asset allocation expertise, and leadership in international business [3]. Group 3: Outcomes and Future Directions - The Shandong delegation engaged in discussions on key topics such as serving the real economy, empowering rural revitalization, and fostering industry culture, gaining insights from Zhejiang's advanced practices in strategic determination and social responsibility [4]. - Participants expressed that the event broadened their perspectives and inspired innovative service models, reinforcing the importance of collaboration in contributing to national strategies and economic development [4]. - The Shandong Futures Association plans to continue enhancing work efficiency and service levels under the guidance of the Shandong Securities Regulatory Bureau, aiming to support member development and contribute to China's modernization journey [4].

为进一步深化期货市场服务民营企业质效，促进民营经济高质量发展，近日，"河南省民营企业建立健 全现代企业制度（期货专题）第一期培训班"在郑州成功举办。本次培训活动，郑商所联合河南省委统 战部、省委金融办、省发展改革委、省财政厅、省工商联、河南证监局，为60家河南省民营龙头企业高 管带来了一场期现融合的"破浪之旅"。 郑商所市场发展部副总监潘建状致辞时表示，今年2月，习近平总书记在民营企业座谈会上指出，扎扎 实实落实促进民营经济发展的政策措施，是当前促进民营经济发展的工作重点。在河南经济发展中，民 营企业贡献了55%以上的GDP，是河南经济的重要支撑。截至去年年底，河南省民营经济主体数量为 1081.7万户，约占全部经营主体的96%。民营经济发展壮大，离不开金融"活水"支持。期货市场作为金 融体系的重要组成部分，始终以服务实体经济为己任，有责任、有义务去积极促进民营经济发展壮大。 "郑商所作为国内重要的期货交易平台，为河南省乃至全国产业发展筑起了坚实的风险管理屏障。在原 材料价格剧烈波动、市场竞争白热化的当下，期货市场作为现代金融市场的重要组成部分，在服务实体 经济、助力企业风险管理等方面发挥着越来越重要的作用。 ...