Core Viewpoint - The training conference focused on the non-ferrous metal industry and market, aiming to enhance the integration of production and finance, improve risk management awareness, and provide support for the application of futures and derivative tools [3][12]. Group 1: Event Overview - The training conference was held on June 5, 2025, in Tianjin, organized by Jinrui Futures Co., Ltd. and Beijing Antai Technology Co., Ltd., with participation from over 60 guests from nearly 40 units in production, trade, and finance [1][3]. - The event included thematic reports and interactive discussions, with presentations from various industry experts [3][11]. Group 2: Market Analysis - Li Li indicated that basic metal prices are expected to remain strong in the short term due to a calming macro risk environment and resilient economic data, although upward elasticity may be limited by demand pressures and tariff expectations [4][5]. - Jia Yelin highlighted challenges in China's copper industry, including high dependence on foreign raw materials and uneven value chain distribution, suggesting that resource development and recycling capabilities are crucial for high-quality growth [6][8]. Group 3: Risk Management - Weng Zhantu discussed the use of off-exchange derivatives for risk management, emphasizing the effectiveness of options in enhancing risk management capabilities and supporting the international development of industries [9]. - Li Zhi Mei reported that the electrolytic copper foil industry has shifted from a shortage to an oversupply, leading to declining processing fees and increased losses for companies, although there are signs of recovery in early 2025 [10][11]. Group 4: Future Outlook - The conference provided a valuable platform for discussion, injecting new momentum into the high-quality development of the copper industry, with Jinrui Futures planning to continue leveraging futures and options to help the non-ferrous metal industry establish sound risk management practices [12].

Core Viewpoint - The launch of casting aluminum alloy futures and options on June 10 marks a significant milestone for China's futures market, enhancing price discovery and risk management capabilities within the aluminum industry [1][4]. Group 1: Market Performance - The first trading day saw a total transaction amount exceeding 11 billion yuan, with all seven contracts closing higher, particularly the main contract AD2511, which rose by 825 yuan/ton, a 4.49% increase from the listing price [2]. - The main contract AD2511 had a trading volume of 52,300 lots, accounting for 101 billion yuan of the total transaction amount, with a closing position of 9,723 lots [2]. Group 2: Industry Participation - Several leading companies in the aluminum industry actively participated in the trading of casting aluminum alloy futures, including Lichong Sijun Light Alloy Group, Chongqing Shunbo Aluminum Alloy Co., and others [4]. - The participation of these companies is crucial for the futures market to effectively perform its price discovery function, as the application of futures tools in the non-ferrous metal industry has become well-established [4]. Group 3: Industry Implications - The launch of casting aluminum alloy futures and options is seen as a key development for the recycling metal industry, contributing to resource security and promoting green and low-carbon transformation [4]. - The introduction of these financial instruments is expected to enhance the international influence of China's aluminum industry and support the establishment of a comprehensive risk management system [4].

Core Viewpoint - The launch of the first recycled metal product, casting aluminum alloy futures and options, marks a significant milestone for China's recycled metal industry and reflects the latest achievements in the comprehensive coverage of non-ferrous metal futures products driven by the integration of production and finance [2][3]. Industry Performance - The non-ferrous metal industry has maintained a positive development trend since the 14th Five-Year Plan, with a global production share exceeding 60% [2]. - From January to April this year, the production of ten non-ferrous metals reached 26.6 million tons, a year-on-year increase of 2.3% [2]. - The added value of large-scale non-ferrous metal industries grew by 7.4% year-on-year, while fixed asset investment increased by 20.7%, surpassing the national industrial investment growth rate by 9 percentage points [2]. - Revenue for large-scale non-ferrous metal industrial enterprises reached 3.09 trillion yuan, a year-on-year growth of 18.0%, with total profits amounting to 128.17 billion yuan, reflecting a 30.3% increase [2]. Recycled Non-Ferrous Metals - Recycled non-ferrous metals are crucial for ensuring resource security and promoting green and low-carbon transitions, with projected production of recycled copper, aluminum, lead, and zinc reaching 19.15 million tons in 2024, accounting for 24% of total non-ferrous metal production [3]. - The production of recycled aluminum has surpassed 10 million tons, contributing to a carbon reduction of 170 million tons, highlighting its significance in green and low-carbon circular development [3]. Futures Market Development - The listing of casting aluminum alloy futures and options is expected to enhance China's aluminum industry's international influence and support the establishment of a comprehensive risk management system for the industry [3]. - The association encourages enterprises to actively participate in futures trading and utilize futures tools for effective risk management [3]. - Ongoing collaboration between the association and the exchange in areas such as product innovation, standard setting, industry training, market services, and green supply chain development has been fruitful [3].

中新网上海6月10日电(高志苗康玉湛)中国期货市场首个再生商品品种——铸造铝合金期货及期权 10日在上海期货交易所(以下简称"上期所")挂牌交易。铸造铝合金期货于上午9时挂牌，铸造铝合金期 权于当日21时挂牌。铸造铝合金期货首批上市交易共7个合约。 中国是世界铝工业大国，已建成"铝土矿—氧化铝—电解铝—铝加工—铝应用—再生铝"的完整产业 链。上市铸造铝合金期货及期权，通过发挥价格发现功能，有助于形成规范、透明、高效的铸造铝合金 定价机制，将与上期所现有的氧化铝、电解铝期货及期权形成协同效应，对于提升铝产业链企业风险管 理能力、促进铝产业绿色低碳高质量发展意义重大。 据了解，铸造铝合金是典型的绿色金属材料，在新能源汽车轻量化、动力电池壳体制造等领域应用 广泛。中国是全球最大的铸造铝合金生产与消费国，近年来，国家高度重视绿色化铝产业发展体系建 设，要求大幅提升铝资源保障能力，并鼓励推动再生铝和原铝、铝加工融合发展和高值化利用。 中国有色金属工业协会党委书记、会长葛红林在上市仪式上表示，铸造铝合金期货及期权上市是中 国再生金属产业的里程碑大事，是产融结合推动有色金属期货品种全覆盖的最新成果。铸造铝合金期货 及期权上 ...

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Core Viewpoint - The "Longhua Capital Loan" product aims to alleviate financing difficulties for technology innovation enterprises in Longhua District by providing tailored financial support through a collaboration between Longhua Capital and banks [1][4][18]. Group 1: Product Overview - "Longhua Capital Loan" is a 2 billion yuan investment and loan linkage product designed to support over 200 enterprises already invested by Longhua Capital and its guiding funds [1][5]. - The product has successfully approved over 40 million yuan in funding for more than ten companies, addressing issues of financing difficulty, high costs, and slow processes [1][5]. - The loan approval rate for selected high-quality enterprises has increased from below 50% to over 90%, while the comprehensive financing cost has decreased from around 12% to below 4% [5][19]. Group 2: Financial Services and Support - Longhua Capital is committed to providing a full-cycle product design that meets diverse needs, including "Initial Loan," "Medium Technology Easy Loan," and "Large Enterprise Industry Chain Loan" [7][19]. - The "Initial Loan" offers up to 10 million yuan in pure credit loans for startups, while the "Medium Technology Easy Loan" provides up to 50 million yuan for growing enterprises [7][19]. - The "Large Enterprise Industry Chain Loan" supports enterprises with customized financing solutions, enhancing collaboration within the industry chain [7][19]. Group 3: Digital Transformation and Efficiency - The loan application process has been streamlined through digital technology, reducing the approval time from one month to within two weeks, achieving a 100% efficiency improvement [7][8]. - The model promotes a fully online service process, breaking down trust barriers between financial institutions and technology enterprises [8][18]. Group 4: Ecosystem Development - Longhua Capital is actively integrating resources to build a virtual park ecosystem, facilitating connections between enterprises and various support services [10][18]. - The collaboration with local government departments and other stakeholders aims to provide comprehensive support, including policy assistance and industry matchmaking [10][18]. Group 5: Future Outlook - Longhua Capital plans to continue exploring innovative financial products tailored to the unique needs of the district's industries, focusing on digital economy, new energy, and high-end medical devices [18]. - The ongoing efforts are expected to enhance the synergy between financial services and enterprise development, fostering a robust economic environment in Longhua District [18].

Core Viewpoint - The establishment of the first capital market operation center in Shanxi Province marks a significant step in promoting private enterprises' access to multi-level capital markets and enhancing financial empowerment for the real economy [1] Group 1: Capital Market Operation Center - The capital market operation center in Jincheng is the first project under Shanxi's "one city, one center" capital market strategy, established by the Shanxi Equity Exchange Center in collaboration with the Jincheng Municipal Bureau of Private Economy Development [3] - The center aims to focus on six strategic positions, facilitating equity circulation, capital activation, and the integration of production and finance [3] - The center will provide "shopkeeper" style services to optimize the business environment and establish a trust bridge between enterprises and investors while prioritizing risk prevention [3] Group 2: Financial Empowerment and Innovation - Shanxi Financial Holding Group emphasizes that Jincheng has been a leader in capital market construction within the province, leveraging its comprehensive financial service advantages to integrate traditional financing channels with innovative financial services like carbon accounts and data trading [4] - A strategic cooperation agreement was signed between the Shanxi Equity Exchange Center and the Jincheng Municipal Bureau of Private Economy Development, marking a substantial phase of provincial and municipal collaboration in empowering the real economy [4] Group 3: Economic Development and Service System - The Shanxi Equity Exchange Center plans to use Jincheng as a starting point to establish service bases in key districts and counties across the province, creating a three-in-one service system that combines government, market, and enterprises [5] - The center will focus on establishing a gradient cultivation mechanism for enterprise listings, linking resources such as policies, capital, and technology to support high-quality development of the county economy [5] - The successful implementation of this model may provide replicable experiences for financial service innovation in small and medium-sized cities nationwide [5]

与此同时，该分行进一步加快服务创新步伐，满足科创产业多元需求。在工商银行总行的指导下，与兄 弟机构积极探索"股债双性"特色产品，创建杭州首个新设AIC试点基金，落地全国首批科技创新债券， 拿下多个"全国首单""省内首创"，形成良好的示范效应。 5月28日，第四届全球数字贸易博览会推介活动暨"数贸创投日"启动仪式(以下简称"北京推介会")在北京 举行，此次活动由工商银行独家冠名、工商银行浙江省分行承办。活动主题为"工银创投 赋能未来"， 旨在通过深入贯彻国家关于推动数字贸易创新发展的战略部署，充分发挥第四届数贸会的平台作用，同 时促进数字贸易领域科技创业项目与资本的高效对接。 "数贸创投日"启动仪式现场。工商银行浙江省分行供图 "数贸创投日"是本届数贸会首次推出的品牌活动，以"资本赋能数字经济"为核心，搭建起科技与资本对 接的高端平台。工商银行浙江省分行邀请多家浙江科技企业、科技项目参与现场路演，通过"技术展示 +一对一资本对接"模式，促成多组项目与投资机构达成初步合作意向。活动聚焦数字贸易技术创新， 不仅是工商银行深化产融结合的实践，更通过整合股权投资资源，为中小企业提供从资本注入到产业协 同的全周期支持，助 ...

Core Viewpoint - The article highlights how two companies in Ningbo, Zhejiang, have successfully navigated uncertainties in global trade and market competition through technological innovation and integrated production and finance strategies [1][2]. Group 1: Trade Performance - In April, China's total import and export volume increased by 5.6% year-on-year, with a 2.4% growth in the first four months, surpassing market expectations [2]. - Ningbo has become a significant economic center and trade port, with a diversified trade partner network and optimized product structure [2][3]. - Zhongji Ningbo Group has maintained its position as a leader in foreign trade in Ningbo, with a focus on various trade forms and a global supply chain system [3]. Group 2: Company Growth and Strategy - Zhongji Ningbo's import covers 50 countries, while its exports reach over 150 countries, with a steady growth in domestic trade [3]. - In 2024, Zhongji Ningbo achieved total revenue of 141.6 billion yuan, a 12.3% increase, while maintaining an export volume of 5.776 billion USD [3]. - Jintian Copper Industry has established eight production bases in China and Southeast Asia, enhancing its competitive advantage through a complete industrial chain [3][4]. Group 3: Technological Innovation - Jintian Copper Industry has focused on digital transformation, implementing over 100 digital and intelligent projects annually, significantly improving operational efficiency [6][7]. - The company has achieved 100% connectivity of key equipment and an 82% coverage rate for data collection, enhancing production quality and efficiency [7]. - Zhongji Ningbo has developed a digital innovation center, leveraging big data and AI to improve decision-making and risk management capabilities [8][10]. Group 4: Risk Management and Supply Chain - Companies are adopting diversified procurement strategies to mitigate supply chain risks and are establishing strategic inventories to stabilize supply [11][12]. - Jintian Copper Industry utilizes financial derivatives to manage price volatility risks, ensuring stable operations amid market fluctuations [12]. - Zhongji Ningbo plays a crucial role in linking trade and production, helping businesses manage risks and enhance profitability through various trading services [13].

Core Viewpoint - China Chengtong held the 2025 Financial and Fund Work Conference, emphasizing its role as a state-owned capital operation company in enhancing financial structure and services to support national strategic tasks [1] Group 1: Financial Strategy - The company is deepening its financial layout by building a comprehensive financial business system that includes fund investment, equity operations, and financing leasing [1] - The focus is on strengthening fund investment leadership, creating an integrated ecosystem of industry and finance, and conducting equity operations for listed companies [1] Group 2: National Strategic Support - The company aims to effectively serve the industrial upgrading of state-owned enterprises and the development of strategic emerging industries [1] - It plays a significant role in maintaining capital market stability and supporting technological innovation as part of national strategic tasks [1] Group 3: Key Tasks and Goals - Key tasks include special bond investment, establishment of science and technology innovation funds, and increasing loan investments [1] - The company is committed to achieving its goals through practical measures that promote breakthroughs in financial and fund services aligned with national strategies [1]