风险管理

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康达新材: 第六届董事会第八次会议决议公告
Zheng Quan Zhi Xing· 2025-08-08 13:08
Group 1 - The company held its sixth board meeting on August 8, 2025, with all 13 directors present, and the meeting was conducted in accordance with legal and procedural requirements [1] - The board approved a proposal to increase capital for a subsidiary in Thailand, with 9 votes in favor and no opposition or abstentions [1] - The proposal will be submitted to the fourth extraordinary general meeting of shareholders for further approval [2] Group 2 - The company plans to purchase liability insurance for all directors and senior management to enhance risk management and protect the interests of the company and its investors [2] - Due to all directors being insured parties, they recused themselves from voting on the insurance proposal, leading to the decision being postponed to the upcoming extraordinary general meeting [3] - The extraordinary general meeting is scheduled for August 25, 2025, with all 13 votes in favor of convening the meeting [3]
“温度指数衍生品+气象指数”双保险 护航万源市茶叶产业稳健发展
Zheng Quan Ri Bao Zhi Sheng· 2025-08-08 11:43
Core Viewpoint - The launch of the "Temperature Index Derivatives + Meteorological Index" pilot project in Wanyuan City aims to provide effective risk management tools for tea farmers against high-temperature weather events, enhancing their resilience and financial security [1][2]. Group 1: Project Overview - The project is a collaboration between Guotou Futures Co., Ltd. and Industrial and Commercial Bank of China, initiated under the guidance of the Dalian Commodity Exchange [1]. - The temperature index derivatives are designed to quantify high-temperature risks into a transparent numerical curve, allowing tea farmers to hedge against these risks [1][2]. Group 2: Financial Mechanisms - Guotou Futures has created an off-market derivative product linked to the Dalian Commodity Exchange's temperature index for the Chengdu area, which triggers compensation if the temperature exceeds 33°C at 2 PM [2]. - The project includes a meteorological index insurance covering 10,000 acres of tea plantations, with a total premium of 990,000 yuan, of which 792,000 yuan is donated by ICBC [2]. Group 3: Risk Management Synergy - The combination of temperature index derivatives and meteorological index insurance creates a complementary relationship, providing flexibility and precision in risk management for tea farmers [2][3]. - This dual insurance model is described as a "double-layer heat armor" for tea gardens, effectively addressing both systemic and localized climate risks [3].
多家产业链企业积极参与 纯苯期货平稳启航
Jin Rong Shi Bao· 2025-08-08 08:00
Core Viewpoint - The launch of pure benzene futures and options on July 8 at the Dalian Commodity Exchange is expected to provide essential risk management tools for companies in the industry, enhancing price stability and transparency in the market [1][2][3]. Industry Overview - China is the world's largest producer, consumer, and importer of pure benzene, with a production capacity of 32.34 million tons and a consumption volume of 29.26 million tons in 2024, accounting for 39% and 43% of global totals, respectively [2]. - The industry has faced challenges with profit transmission and price volatility, leading to a pressing need for effective risk management tools [2][3]. Market Dynamics - The introduction of pure benzene futures and options is anticipated to improve price risk management capabilities for companies, allowing them to lock in purchase or sale prices and mitigate the impact of price fluctuations [3][4]. - The first day of trading saw active participation from major industry players, indicating strong market interest and confidence in the new financial instruments [4][5]. Trading Performance - On the first day of trading, four contracts were launched, with a total transaction volume of 26,900 lots and a transaction value of 4.788 billion yuan, reflecting a stable market performance [7]. - The main contract closed at 5,931 yuan per ton, showing a slight increase of 0.53% from the initial listing price [7]. Future Outlook - Industry experts believe that the futures market will enhance the pricing influence of China in the international market, contributing to a more transparent pricing mechanism for pure benzene [3][8]. - As more companies engage with the futures market, liquidity is expected to improve, further solidifying the market's role in risk management and price discovery [8].
信托业多维发力 支持民营企业
Jin Rong Shi Bao· 2025-08-08 07:52
Core Viewpoint - The private economy is essential for China's development, contributing significantly to tax revenue, GDP, technological innovation, employment, and the number of enterprises [1] Group 1: Current State of the Private Economy - The private economy contributes over 50% of tax revenue, over 60% of GDP, over 70% of technological innovations, over 80% of urban employment, and over 90% of the total number of enterprises in China [1] - The trust industry has unique advantages in supporting the development of private enterprises, with significant potential for financial support [1] Group 2: Achievements and Challenges in the Trust Industry - In 2023, the trust industry supported over 10,486 projects for small and micro enterprises, providing financing exceeding 870.5 billion yuan, with a year-on-year increase of 2.667 billion yuan, representing a 44.67% growth [1] - Despite achievements, challenges remain, including difficulties for small and medium-sized private enterprises in accessing trust funds, a need for enhanced innovation in trust services, and the necessity for improved risk management [2] Group 3: Recommendations for Trust Companies - Trust companies should innovate business models to better serve private enterprises, such as exploring new financing channels and collaborating with banks for equity and debt financing [3] - Strengthening risk management through the establishment of a robust risk prevention system using big data technology to monitor and analyze operational data of private enterprises [3] - Building a professional talent team to enhance service capabilities, focusing on training employees with a deep understanding of private enterprise needs and attracting external talent with innovative thinking [4]
合规与展业如何“齐步走”?
Jin Rong Shi Bao· 2025-08-08 07:52
Core Viewpoint - The article discusses the growing involvement of trust companies in consumer finance, highlighting their unique advantages and the various business models they employ to support consumer spending and financial inclusion [1][2]. Group 1: Trust Companies' Involvement in Consumer Finance - Trust companies leverage their flexible institutional advantages and diverse funding channels to play a unique role in the inclusive finance sector, particularly targeting middle and low-income groups and small enterprises [2]. - The main business models for consumer finance trust services include "assistance loan" model, "flow loan" model, and asset securitization model, with specific examples of trust companies engaging in these models [2]. - In 2023, 23 trust companies engaged in consumer finance, with a total business scale of 4,536.67 billion yuan, indicating significant market participation [3]. Group 2: Consumer Complaints and Regulatory Environment - Trust companies face consumer complaints in the consumer finance sector, with notable figures such as 9,897 complaints received by Guomin Trust in 2024, primarily related to consumer finance [4]. - The National Financial Regulatory Administration has issued guidelines to strengthen the management of internet lending by commercial banks, which will also apply to trust companies' inclusive finance services [4][5]. - Trust companies are encouraged to enhance consumer rights protection through better management of partner institutions, marketing practices, and personal information security [4]. Group 3: Technological Integration and Risk Management - Trust companies are advised to integrate technology such as big data, blockchain, cloud computing, and artificial intelligence to improve the innovation and service levels of inclusive finance products [5]. - Emphasis is placed on comprehensive risk management throughout the consumer finance process, addressing risks at pre-loan, during-loan, and post-loan stages [5].
规范地方AMC经营行为 夯实合规底线
Jin Rong Shi Bao· 2025-08-08 07:52
我国地方资产管理公司(以下简称"AMC")近日迎来监管新规,行业迈向更加规范、可持续发展 的新阶段。 近年来,地方AMC作为专业的不良资产经营处置机构,在服务实体经济、改革化险等方面发挥了 重要作用,但也出现了一些高风险甚至违规行为,如偏离主业、违规跨区域经营、帮助金融机构虚假出 表等乱象。金融监管总局近日发布《地方资产管理公司监督管理暂行办法》(以下简称《办法》),规 范地方AMC经营行为,对业务边界、风险管理和监管机制进行全面规范,明确了"哪些能做、哪些不能 做",进一步夯实行业风险管理和合规经营底线。 当前,地方AMC发展情况如何?《办法》如何强化风险管理?将给地方AMC行业带来哪些影响? 对此,兴业研究金融业研究部高级研究员陈昊在接受《金融时报》记者采访时表示,《办法》出台后, 将引导地方AMC聚焦主责主业,有效服务地方。同时,《办法》设置了过渡期,将推动地方AMC稳 妥、顺畅地转型发展。 引导地方AMC聚焦主责主业 2022年3月,原银保监会公布地方AMC名单,彼时名单中共有59家地方AMC。在经历了数年发展 后,截至2024年底,名单中已有1家地方AMC注销,另有1家地方AMC获批在所在省份开展企 ...
期货市场量价齐升活力强
Jing Ji Ri Bao· 2025-08-08 07:27
Core Insights - The Chinese futures market has shown strong vitality and resilience, with a cumulative trading volume of 2.658 billion contracts and a trading value of 232.2 trillion yuan in the first four months of the year, reflecting year-on-year increases of 22.19% and 28.36% respectively [1] - The number of futures and options listed in China has reached 146, covering over 60 industrial chains, with significant contributions from green futures like industrial silicon and lithium carbonate to the risk management needs of the new energy industry [1] - The effectiveness of risk management in the futures market is highlighted, with 1,408 listed companies having announced hedging strategies, indicating a growing trend in utilizing futures for risk mitigation [1] Group 1: Market Performance - The trading volume in April alone reached 701.8 trillion yuan, marking a year-on-year increase of 23.69% [1] - The China Financial Futures Exchange accounted for 28.79% of the total market trading value, showcasing its significant role in the financial derivatives sector [1] Group 2: Industry Insights - China has established a complete industrial chain for bulk commodities, integrating production, trade, supply chain, and risk management [2] - The volatility in commodity prices is expected to become a norm due to complex external environments, prompting companies to innovate in their risk management strategies [2] Group 3: Risk Management Strategies - Companies are encouraged to adopt a multi-faceted approach to risk management, transitioning from reliance on spot markets to utilizing futures, options, and basis management [3] - The need for more mechanisms and tools to hedge risks is emphasized, especially in light of global supply chain restructuring and trade frictions [3] Group 4: Future Developments - There are currently 24 specific domestic products that allow foreign traders to participate, with suggestions to accelerate the introduction of internationalized products and optimize delivery systems [4] - The futures industry is urged to build a "domestic + cross-border" dual circulation service capability to meet the increasingly complex hedging needs of enterprises [4]
铸造铝合金期货期权赋能产业发展
Jing Ji Ri Bao· 2025-08-08 07:27
我国是全球最大的铸造铝合金生产与消费国。据中国有色金属工业协会统计,2024年,我国铸造铝 合金(再生)产能约为1300万吨,产量约为620万吨;表观消费量约为673万吨。预计到2030年再生铝产 量将达到1800万吨以上。业内普遍认为,推出铸造铝合金期货及期权,是做好金融"五篇大文章"中"绿 色金融"的有力举措,有助于促进我国铝产业绿色低碳发展,进一步完善废铝循环利用的市场和标准, 助力构建绿色低碳循环经济体系。 6月10日,我国期货市场首个再生商品品种——铸造铝合金期货及期权在上海期货交易所挂牌交 易,这也是期货市场首个再生金属品种。截至6月10日下午收盘,铸造铝合金期货品种成交5.73万手 (单边),成交金额110.11亿元,持仓1.15万手。上市铸造铝合金期货及期权,通过发挥期货市场的价 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,还与上海期货交易所已有的氧化 铝、电解铝期货及期权形成协同效应,提升铝产业链企业风险管理能力,为铝产业绿色低碳高质量发展 注入新动力。 首个再生金属品种 我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。铸造铝合金 ...
纯苯期货和期权上市在即 企业表态将积极参与交易
Zheng Quan Ri Bao· 2025-08-08 07:27
Core Viewpoint - The launch of pure benzene futures and options on July 8 by Dalian Commodity Exchange is expected to provide effective risk management tools for the pure benzene industry, with companies eager to participate in initial trading [1][4]. Industry Overview - Pure benzene is a key organic chemical raw material with downstream applications in various sectors including electrical appliances, construction materials, packaging, and fiber materials. China is the largest producer and consumer of pure benzene globally [2][3]. - The rapid changes in the supply-demand structure of the spot market have increased uncertainties for companies in the pure benzene industry, highlighting the urgent need for suitable risk management tools [2]. Challenges Faced by Companies - Companies face several operational challenges, including a lack of pricing power in the domestic pure benzene market, increased credit risk due to price volatility, and mismatched product liquidity between pure benzene and its derivatives [3]. - The reliance on traditional methods such as long-term contracts and inventory adjustments for risk management is insufficient, especially during extreme market fluctuations [2][3]. Futures and Options Details - The first batch of pure benzene futures will consist of four contracts, with a trading unit of 30 tons per contract and physical delivery [4]. - Initial trading limits are set at 7% of the previous day's settlement price, with a 14% limit on the first trading day. The margin requirement is 8% of the contract value [4]. Participation and Expectations - Companies have expressed strong interest in participating in the futures and options market to enhance their risk management capabilities and improve price discovery [5]. - The expectation is that the futures market will enhance liquidity, optimize the structure of market participants, and attract more industry clients and financial institutions [5].
当风控遇上大数据:探析中国人寿寿险公司风险防控体系的“数字实践”
Zhong Guo Jing Ji Wang· 2025-08-08 07:26
Core Viewpoint - China Life Insurance Company is deeply integrating ESG development concepts into its comprehensive risk management system, maintaining an A-class risk rating for 27 consecutive quarters, and establishing itself as an innovative model for risk management in the financial sector [1][3]. Group 1: Risk Management Framework - The company has established a comprehensive risk management system characterized by a "1+7+N" framework, which includes a set of regulations and guidelines for managing various types of risks [1][3]. - A risk management responsibility assessment mechanism has been implemented, incorporating risk management compliance into the performance evaluation of departments and senior management [3]. - The company emphasizes proactive risk management, shifting from a reactive to a proactive governance approach, and aims to enhance its risk management capabilities through advanced technologies and frameworks [4]. Group 2: Financial Risk Control - China Life Insurance Company prioritizes financial risk prevention, adhering to the principle of not allowing systemic risks to occur, and continuously improving its risk management strategies [1][2]. - The company aligns its risk management framework with its strategic goals, organizational structure, and business characteristics to effectively identify, measure, and control risks [2][3]. - The company aims to balance risk and return under its risk appetite, ensuring the safety and adequacy of capital while protecting policyholders' interests [2]. Group 3: ESG Integration - The company has developed an ESG risk management approach, focusing on identifying, assessing, and controlling ESG-related risks within its overall risk management framework [3][4]. - It adheres to five key principles in its ESG risk management: comprehensiveness, prudence, foresight, applicability, and dynamism [3]. - The company is committed to enhancing its financial services to support sustainable development while ensuring financial safety [4].