金十数据6月20日讯，金融监督管理总局关于印发《商业银行市场风险管理办法》，办法提到，市场风 险管理政策和程序应当纳入全面风险管理框架，原则上适用于具有独立法人地位的境内外附属机构。商 业银行应当充分认识到附属机构之间存在的法律差异和资金流动障碍，并对其风险管理政策和程序进行 相应调整，审慎处理具有法律差异和资金流动障碍的附属机构之间头寸的抵消，避免造成对市场风险的 低估。 金融监督管理总局：市场风险管理政策和程序应当纳入全面风险管理框架 ...

在2025上海衍生品市场论坛利率类衍生品分论坛上，中金所副总经理刘绍统介绍，在市场风险管理需求 带动下，国债期货成交持仓规模稳步扩大。1月-4月，国债期货日均成交31.7万手，同比增长45.7%；日 均持仓58.1万手，同比增长23.3%。同时，国债期货与对应现货的价格联动紧密，相关性保持在99%以 上，基差运行在合理区间，为投资者开展风险对冲提供了良好条件。 ...

Group 1: Sales and Cost Management - Sales expenses increased in 2024 primarily due to rising LNG storage costs, with measures planned to control these expenses and improve cost-effectiveness [1] - The company aims to establish a dynamic balance mechanism for cost control and market expansion to enhance the return on sales expenses [2] Group 2: Market Trends and Strategic Adaptation - The LNG market is expected to see significant growth from 2025 to 2026 due to multiple new supply projects and increasing demand driven by environmental policies and industrial growth [2] - The company plans to optimize its clean energy supply and service models, expand customer resources, and enhance LNG transportation capabilities to strengthen its market position [2] Group 3: Procurement and Risk Management - The company is actively seeking price differences in domestic and international LNG markets to enhance procurement channels and mitigate risks associated with price fluctuations [3] - In 2024, the Singapore subsidiary completed two LNG ship cargo transactions, generating revenue of CNY 656 million, contributing to stable LNG resource acquisition [3] Group 4: Hedging Strategies - The company employs hedging strategies through its Singapore subsidiary to manage price volatility and ensure stable profitability [4] - Adjustments to hedging strategies will be made based on market conditions to optimize resource trade flows and achieve risk management goals [4] Group 5: Competitive Positioning - The company is developing a comprehensive LNG business chain, including transportation, wholesale trade, and retail, to enhance competitiveness against traditional energy sources [5] - Plans include expanding retail operations through the development of LNG refueling stations and leveraging data analytics to improve sales capabilities [5]