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重庆钢铁: 关于2025年金融衍生品交易计划的公告
Zheng Quan Zhi Xing· 2025-06-30 16:11
Core Viewpoint - The company plans to implement a financial derivatives trading plan for 2025 to enhance its ability to manage price and exchange rate fluctuations, thereby improving financial stability [1][2][3] Summary by Sections Trading Purpose - The objective is to improve the company's capability to respond to price and exchange rate volatility, better hedge against risks, and enhance financial robustness [2][3] - The steel market has experienced significant price fluctuations, with historical price ranges between 500-1300 RMB per ton, posing challenges for sales and inventory management [2] Trading Instruments and Scale - The trading instruments include iron ore futures, hot-rolled coil futures, forward foreign exchange contracts, and currency swaps [1][2] - The planned trading scale is capped at 200,000 tons for iron ore futures, 100,000 tons for hot-rolled coil futures, up to 200 million USD for forward foreign exchange contracts, and 50 million USD for currency swaps [1][3] Funding Sources - The funding for the derivatives trading will come from the company's own funds, without involving raised capital or bank credit [4] Trading Feasibility - The company has established management guidelines and internal control processes to ensure the feasibility and necessity of the derivatives trading, aligning with its overall interests and long-term development [4][5] Risk Management - The company has identified potential risks associated with derivatives trading and has implemented measures to mitigate these risks, including internal training and adherence to established management protocols [5][6] - The trading will focus on hedging against exchange rate and price risks, avoiding speculative trading [6] Impact on the Company - Engaging in financial derivatives trading is expected to partially offset the impact of exchange rate fluctuations on profits and shareholder equity, thereby enhancing the company's financial stability [6][7]
超达装备: 华泰联合证券有限责任公司关于南通超达装备股份有限公司开展金融衍生品交易业务的核查意见
Zheng Quan Zhi Xing· 2025-06-17 11:25
Core Viewpoint - The company intends to conduct financial derivatives trading to mitigate foreign exchange risks and reduce financial costs, aligning with its operational needs and not engaging in speculative activities [2][3][7] Group 1: Basic Situation of Financial Derivatives Trading - The company primarily engages in the research, production, and sales of molds, automotive fixtures, automation tools, and components, with significant export business settled in USD or EUR [2] - In response to unstable foreign exchange environments, the company plans to conduct financial derivatives trading to enhance its ability to manage foreign exchange risks and minimize adverse impacts on its operating performance [2][3] Group 2: Trading Limits and Management - The proposed trading limit for financial derivatives is set at a maximum of RMB 300 million (or equivalent foreign currency), valid for 12 months from the board's approval [3][6] - The board has authorized the chairman to manage the trading operations and sign relevant agreements, ensuring that the trading activities are conducted with reputable financial institutions [3][6] Group 3: Risk Analysis and Control Measures - The company emphasizes that its derivatives trading will focus on hedging against foreign exchange risks and will not involve speculative trading [4][5] - A comprehensive risk management framework has been established, including clear procedures for decision-making, authorization, and risk assessment, to ensure effective control over derivatives trading [4][5] Group 4: Impact of Financial Derivatives Trading - The financial derivatives trading is expected to effectively mitigate foreign exchange market risks, reduce financial costs, and enhance foreign exchange gains without negatively impacting the company's financial and operational status [5][6][7] - The company will adhere to relevant accounting standards for the recognition and measurement of financial instruments related to the derivatives trading [5] Group 5: Approval Procedures and Opinions - The board and supervisory committee have approved the proposal for financial derivatives trading, confirming that it aligns with regulatory requirements and serves the interests of the company and its shareholders [6][7] - Independent directors have also supported the proposal, emphasizing that the trading activities will not harm the interests of the company or minority shareholders [6][7]
超达装备: 第四届监事会第七次(临时)会议决议公告
Zheng Quan Zhi Xing· 2025-06-17 11:11
Group 1 - The company held its fourth supervisory board's seventh (temporary) meeting on June 17, 2025, with all three supervisors present, ensuring compliance with relevant laws and regulations [1] - The supervisory board approved the use of up to 300 million yuan of idle raised funds for cash management, which is expected to enhance fund utilization efficiency and provide better returns for the company and its shareholders [1] - The cash management is valid for 12 months from the date of the board's approval, allowing for the funds to be used in a rolling manner within the specified limit [1] Group 2 - The company and its subsidiaries will engage in financial derivatives trading to mitigate foreign exchange market risks and reduce financial costs, aligning with relevant regulations and not harming the interests of the company or minority shareholders [2] - The decision to conduct financial derivatives trading was also unanimously approved by the supervisory board [2]
福光股份: 金融衍生品交易业务管理制度
Zheng Quan Zhi Xing· 2025-06-13 09:42
Core Viewpoint - The document outlines the regulations and operational guidelines for Fujian Fuguang Co., Ltd.'s financial derivatives trading activities, emphasizing risk management and compliance with relevant laws and internal policies [1][2][3]. Group 1: General Provisions - The regulations aim to standardize the financial derivatives trading business and related information disclosure to prevent risks [1]. - Financial derivatives include products such as futures, options, forwards, and swaps, which can be based on various underlying assets [1]. - The regulations apply to the company and its subsidiaries, requiring approval and disclosure for derivatives trading activities [1]. Group 2: Operational Principles - The company must adhere to principles of legality, prudence, safety, and effectiveness in its derivatives trading [2]. - All trading activities should focus on hedging to lock in costs and mitigate risks, avoiding speculative trading [2]. - Transactions are only permitted with qualified financial institutions approved by regulatory authorities [2]. Group 3: Approval Authority - The board of directors and shareholders' meeting are the primary decision-making bodies for derivatives trading [3]. - A feasibility analysis report must be submitted for board review before engaging in derivatives trading [3]. - Significant transactions, such as those exceeding 50% of the latest audited net profit or 5 million RMB, require shareholder approval [3]. Group 4: Management and Internal Processes - The finance department is responsible for managing derivatives trading, including developing annual management plans and monitoring compliance [4]. - The audit department oversees the actual operations of derivatives trading, including financial performance and adherence to regulations [4]. - Internal processes must include thorough analysis and recommendations for initiating or halting trading activities [5]. Group 5: Risk Reporting and Emergency Procedures - The finance department must promptly report significant price fluctuations and potential risks to the financial director [6]. - An emergency risk management mechanism must be activated in cases of market changes, regulatory violations, or significant losses [6]. - The audit department supervises the execution of internal risk reporting and emergency procedures [7]. Group 6: Information Disclosure and Record Management - The company is required to disclose information regarding its derivatives trading activities in accordance with regulatory requirements [7]. - All trading and delivery documents must be retained for a period of 10 years by the finance department [7]. - The regulations will be updated in accordance with any changes in relevant laws and regulations [7].
海通发展: 福建海通发展股份有限公司证券投资及金融衍生品交易管理制度
Zheng Quan Zhi Xing· 2025-06-13 09:42
Core Viewpoint - The document outlines the management and operational regulations for securities investment and financial derivatives trading by Fujian Haitong Development Co., Ltd, emphasizing compliance, risk management, and internal control mechanisms [2][3][4]. Group 1: General Principles - The purpose of the regulations is to standardize the management and operation of securities investment and financial derivatives trading, ensuring compliance with relevant laws and protecting the interests of the company and its shareholders [2][3]. - Securities investment is defined as activities aimed at maximizing returns while controlling investment risks, including various forms of securities such as stocks, bonds, and derivatives [2][3]. - Financial derivatives trading includes activities involving swap contracts, forward contracts, and non-standard options, with underlying assets that can be securities, indices, interest rates, exchange rates, currencies, or commodities [3]. Group 2: Operational Principles - The company must adhere to principles of legality, prudence, hedging, and safety in its trading activities, focusing on risk avoidance rather than speculation [4][5]. - Only self-owned funds may be used for securities investment and financial derivatives trading, prohibiting the use of raised funds or non-compliant funds [5]. - Trading activities must align with the company's operational needs and risk management strategies, ensuring that the scale and duration of investments are appropriate [4][5]. Group 3: Approval Authority - Specific approval processes are established for securities investments based on their size relative to the company's audited net assets, with thresholds set at 10% and 50% [10][11]. - Financial derivatives trading requires a feasibility analysis report to be submitted for board approval, especially for significant transactions that exceed set financial limits [10][11]. - Transactions that qualify as related party transactions must undergo additional approval procedures [12]. Group 4: Risk Control and Management - The company is responsible for establishing a comprehensive risk management framework for its securities investment and financial derivatives trading activities [6][7]. - A clear separation of duties is mandated to prevent conflicts of interest, ensuring that trading personnel do not overlap with financial, auditing, or risk control roles [7][8]. - Regular monitoring of economic conditions and market changes is required to assess and manage risks associated with interest rate and foreign exchange derivatives [8][9]. Group 5: Information Disclosure and Record Keeping - The company must comply with relevant disclosure regulations when conducting securities investment and financial derivatives trading [9][10]. - Confidentiality is emphasized for personnel involved in hedging activities, prohibiting the unauthorized disclosure of sensitive information [10][11]. - Documentation related to board and shareholder resolutions, as well as trading records, must be properly maintained by designated departments [10][11].
上纬新材: 上纬新材证券投资与金融衍生品交易管理制度
Zheng Quan Zhi Xing· 2025-06-05 10:31
Core Viewpoint - The document outlines the management system for securities investment and financial derivatives trading of the company, emphasizing risk control, compliance with laws, and protection of investor rights [1][2]. Group 1: General Principles - The system aims to regulate the company's securities investment and financial derivatives trading, ensuring risk control and compliance with relevant laws and regulations [1]. - Securities investment includes various activities such as new stock subscriptions, stock repurchases, and bond investments [1]. - Financial derivatives trading encompasses products like forwards, futures, swaps, and options, with underlying assets that can include securities, indices, interest rates, and commodities [1][2]. Group 2: Scope and Applicability - The system applies to the company and its consolidated subsidiaries, requiring subsidiaries to obtain company approval before engaging in securities investment and derivatives trading [2][3]. - Certain investment behaviors, such as fixed-income investments or acquiring over 10% of another company's shares for more than three years, are excluded from this system [2]. Group 3: Approval Authority - The board of directors must review investment risks and control measures for securities investments exceeding 1% of the company's latest audited net assets or 10 million RMB [3]. - Investments exceeding 5% of net assets or 50 million RMB require both board and shareholder meeting approvals [3]. Group 4: Risk Control Measures - The company must use its own funds for securities investment and derivatives trading, avoiding the use of raised funds or non-compliant sources [3][10]. - A risk emergency response mechanism must be activated in case of significant market changes or operational violations [10]. Group 5: Internal Management and Auditing - The board and shareholders are the main decision-making bodies for securities investment and derivatives trading, with the management executing operations within authorized limits [6]. - The audit department is responsible for supervising trading activities and must conduct audits at least biannually [7]. Group 6: Information Disclosure - The company must disclose its securities investment and derivatives trading activities according to the Shanghai Stock Exchange rules [13]. - Any significant risks or potential risks must be reported to the exchange and publicly announced when they meet disclosure standards [13]. Group 7: Legal Responsibilities - Violations of laws or internal regulations in trading activities will lead to serious consequences for responsible personnel, including legal accountability [15].
信凯科技: 金融衍生品业务管理制度
Zheng Quan Zhi Xing· 2025-06-04 12:06
Core Viewpoint - The document outlines the financial derivatives business management system of Zhejiang Xinkai Technology Group Co., Ltd., emphasizing risk prevention and control in derivatives trading, aligning with relevant laws and regulations [1][2]. Summary by Sections General Principles - The system aims to regulate the financial derivatives trading behavior of the company and its subsidiaries, ensuring compliance with laws such as the Company Law and Securities Law of the People's Republic of China [1]. - Financial derivatives include products like forwards, options, swaps, and currency swaps, which can be settled either through physical delivery or cash difference [1]. Operational Principles - The company and its subsidiaries must strictly control the types and scale of derivatives trading, ensuring it does not affect normal business operations [2]. - Derivatives trading should not be solely for profit but should be based on normal business operations, focusing on hedging and risk prevention related to exchange rates and interest rates [2]. Approval Authority - Any foreign exchange derivatives trading must be preceded by a feasibility analysis report submitted to the board of directors for approval [2]. - Overall plans and limits for derivatives trading must comply with regulations and require board approval; if exceeding board authority, shareholder approval is necessary [2]. Management and Operational Processes - The board authorizes the chairman and representatives to manage foreign exchange derivatives trading, including signing legal documents [4]. - The finance director leads the derivatives team, overseeing risk management, market analysis, and strategy formulation [4]. - The operations team is responsible for providing relevant data and ensuring approved funds for derivatives trading are monitored and reconciled monthly [5]. Risk Management - A risk measurement system is established to assess funding risks and price fluctuation risks associated with derivatives trading [6]. - In case of significant market changes that increase risks, the company must report and initiate emergency measures [6]. - A stop-loss mechanism is activated when market price fluctuations approach predetermined limits [6]. Information Disclosure - The company must disclose information regarding derivatives trading in accordance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [7]. - Any confirmed gains or losses from derivatives trading that exceed 10% of the most recent audited net profit must be disclosed promptly [7]. Other Provisions - The management system will be effective upon approval by the board and will be interpreted by the board [9].
股市必读:龙头股份(600630)5月30日主力资金净流出536.55万元
Sou Hu Cai Jing· 2025-06-02 20:46
截至2025年5月30日收盘,龙头股份(600630)报收于8.32元,下跌2.58%,换手率1.94%,成交量8.24万 手,成交额6914.02万元。 当日关注点 交易信息汇总 5月30日,龙头股份的资金流向情况如下:- 主力资金净流出536.55万元;- 游资资金净流入426.88万 元;- 散户资金净流入109.68万元。 公司公告汇总第十一届董事会第二十一次会议决议公告 上海龙头(集团)股份有限公司第十一届董事会第二十一次会议于2025年5月30日召开,审议通过了以 下议案:1. 提名倪国华等5人为第十二届董事会非独立董事候选人,提名刘海颖等3人为独立董事候选 人;2. 同意独立董事津贴每人每年8万元(税前);3. 同意2025年综合授信额度控制在13.50亿元以内; 4. 同意为全资子公司提供不超过1.9亿元担保;5. 同意开展金融衍生品交易业务,单笔交易金额不超过 500万美元,年累计签约金额不超过1.5亿美元;6. 同意使用不超过2亿元自有资金进行国债逆回购和委 托理财;7. 同意与上海市黄浦区相关部门签订房屋征收补偿协议;8. 同意继续聘任毕马威华振为2025年 度审计机构,审计收费165万 ...
乐心医疗: 金融衍生品交易业务管理制度(2025年05月)
Zheng Quan Zhi Xing· 2025-05-23 10:54
General Overview - The company has established a financial derivatives trading management system to regulate its trading activities and control associated risks, in compliance with relevant laws and regulations [1][2][3] Financial Derivatives Definition - Financial derivatives include products such as futures, options, forwards, and swaps, which can be based on various underlying assets including securities, indices, interest rates, exchange rates, currencies, and commodities [1] Applicability - The management system applies to the company and its wholly-owned and controlling subsidiaries, prohibiting them from engaging in financial derivatives trading without the company's consent [1][2] Trading Counterparties - The company is only allowed to trade with financial institutions that have been approved by regulatory authorities, ensuring that transactions are conducted with qualified entities [2] Trading Accounts - The company must establish dedicated financial derivatives trading accounts in its name and is prohibited from using third-party accounts for trading [2] Capital Requirements - The company must have sufficient self-owned funds that match the margin requirements for financial derivatives trading and must strictly control the scale of trading to avoid impacting normal operations [2][3] Management Structure - A financial derivatives trading working group, led by the chairman and including key executives, is responsible for the implementation and management of trading activities [2][3] Risk Assessment - The finance department is tasked with evaluating trading risks and preparing feasibility analysis reports, which must be submitted to the board for review [3][4] Audit and Supervision - The audit department oversees the trading activities, conducting pre-approval, ongoing supervision, and post-audit to ensure compliance and proper fund usage [3][4] Approval Process - Major trading plans and limits must be approved by the board and, in certain cases, by the shareholders, especially when the trading involves significant amounts relative to the company's net profit or net assets [4][5] Authorization Management - The company implements an authorization management system for trading operations, requiring written authorization for any trading activities [5][6] Risk Control Measures - The company must clearly define roles and responsibilities within the trading team and ensure that incompatible functions are separated to maintain checks and balances [6][7] Market Analysis - Prior to engaging in trading, the company should conduct market comparisons and select financial derivatives that align with its business needs and risk tolerance [6][7] Ongoing Management - The finance department is responsible for tracking market prices and assessing the risk exposure of invested derivatives, reporting any significant changes to the board [7][8] Disclosure Requirements - The company must disclose any confirmed gains or losses from derivatives trading that exceed 10% of the most recent audited net profit [8] Record Keeping - All trading documentation and authorization records must be properly archived by the finance department and the board [8][9] Confidentiality - Employees involved in derivatives trading must adhere to confidentiality protocols to protect sensitive information related to trading activities [8][9] Implementation Date - The management system will take effect upon approval by the company's board [9]
丰山集团: 2024年年度股东大会会议资料
Zheng Quan Zhi Xing· 2025-05-09 09:23
江苏丰山集团股份有限公司 2024 年年度股东大会会议资料 证 券 简 称 : 丰 山 集 团 证券代码:603810 债 券 简 称 : 丰 山 转 债 债券代码:113649 江苏丰山集团股份有限公司 会议资料 二〇二五年五月十九日 江苏丰山集团股份有限公司 2024 年年度股东大会会议资 料 关于 2025 年度公司使用闲置募集资金和自有资金在非关联方机构进行现金管理的议案 . 26 江苏丰山集团股份有限公司 2024 年年度股东大会会议资料 为了维护全体股东的合法权益,确保股东大会的正常秩序和议事效率,以 及股东在股东大会期间依法行使权利,根据有关法律法规及《江苏丰山集团股 份有限公司章程》(以下简称"《公司章程》")、《江苏丰山集团股份有限 公司股东大会议事规则》的有关规定,特制定本须知。 一、为保证股东大会的严肃性和正常秩序,切实维护与会股东及股东代理 人的合法权益,除出席会议的股东及股东代理人、公司董事、监事、高级管理 人员、见证律师及董事会邀请的人员外,公司有权依法拒绝其他人员进入会场。 二、股东参加股东大会依法享有发言权、质询权、表决权等权利。股东参 加股东大会,应认真履行其法定义务,不得侵 ...