5月22日，由上期所和中金所共同主办的2025上海衍生品市场论坛在上海期货大厦举行。 中国证监会期货监管司副司长王颖在会上表示，去年国务院办公厅转发中国证监会等部门《关于加强监管防范 风险促进期货市场高质量发展的意见》，明确了期货市场发展目标，并要求期货市场为服务中国式现代化和金 融强国建设发挥更大作用。同时，中国证监会和上海市政府也共同建立了"五个中心"协作工作机制，推动上海 期货市场与"五个中心"联动发展、协同共进。在各方共同努力下，上海期货市场不仅吸引全球产业企业、重要 金融机构积极参与，"上海价格"也愈发受国际市场关注，并逐步成为全球贸易的定价参考。 王颖强调，在新时代新征程下，期货市场必须继续坚持服务实体经济的使命，坚定高水平开放的决心，坚守防 范化解风险的底线，围绕加强市场监管、丰富产品矩阵、优化服务质量、扩大对外开放等方面，深化自身功能 发挥，全力谱写高质量发展新篇章，与产业形成良性循环机制，更好应对外部环境的不确定性，为稳定宏观经 济大盘发挥更大作用。 上期所党委书记、理事长田向阳在会上表示，上期所将加力加压加快建成世界一流交易所。一是健全适配新质 生产力需求的一流产品体系，加快推进铸造铝合金 ...

模式，保障市场平稳运行；五是搭建具有重要影响力和竞争力的一流开放平台，稳步实现镍等品种对外 开放，推动更多服务"走出去"。 在今天召开的主论坛上，上海财经大学校长刘元春、花旗集团大宗商品研究全球主管Maximilian Layton 和对外经济贸易大学国际经贸学院研究员李正强发表了主题演讲。与会学者和专家结合宏观经济内外部 环境变化和大宗商品市场未来发展格局，聚焦期货市场在服务国家发展大局、服务实体经济中迈向"世 界一流"等话题展开研讨。来自政府部门、行业协会、国内外知名研究机构、金融机构和产业企业的权 威专家和媒体代表出席了论坛。 在中国证监会、上海市委市政府和国内外业界等有关方面的关心支持下，上衍论坛自2004年创办以来， 历经20余年发展历程，逐渐成为我国期货行业交流合作的重要窗口，为推进期货市场提升服务实体经济 质效，助力上海"五个中心"能级跃升和中国式现代化建设聚智赋能，贡献了"上衍"力量。 据悉，本次论坛宣布了，上期所和上期能源于近期正式获批加入联合国可持续证券交易所（UNSSE） 倡议，成为中国内地第一批加入该倡议的商品期货交易所。此外，本次论坛还包含了5场分论坛。其 中"上衍钢铁论坛""上衍权 ...

Group 1 - The large immersive epic drama "The Great River" has been successfully performed at the Hualin Grand Theatre, attracting over 3,000 attendees for each show [1] - The Oulebao Resort has seen a surge in visitors during the May Day holiday, with its three themed parks—Oulebao Dream World, Ocean Polar World, and Animal Kingdom—offering special activities [1] - Financial support from Postal Savings Bank has been crucial for the development of tourism projects, enabling the construction of various facilities and enhancing visitor experiences [1][2] Group 2 - Postal Savings Bank's Dezhou branch has provided 550 million yuan in loans for the Qi River Museum Group project and related facilities since October last year, significantly shortening the approval process through innovative financial solutions [2] - The Qi River Museum Group project includes 21 themed museums and aims to become a cultural landmark in the Yellow River basin, integrating historical, artistic, and ecological elements [2] - The project has been recognized as part of the first batch of national cultural industry development projects, emphasizing ecological protection and green development [2] Group 3 - Postal Savings Bank's Dezhou branch is committed to supporting the high-quality development of the private economy and the ecological transformation of the cultural tourism industry, aligning with national strategies for financial services [3]

Core Insights - The forum focused on how derivative tools can support the stable operation of the real economy amidst new international trade dynamics [1] - Experts discussed the significant role of the derivatives market in serving the real economy and the need for innovative risk management solutions [2] Group 1: Derivative Market Insights - Professor Li Zhengqiang emphasized the importance of the derivatives market in supporting high-quality economic development and the legal requirements for its functionality [2] - The chairman of Hainan International Clearing House, Feng Bo, highlighted the rapid growth of the OTC derivatives market, with over 230 members and a cumulative clearing scale of nearly 200 million tons, valued at approximately 4 billion yuan, showing a growth rate exceeding 200% [3] - The introduction of iron ore swaps by Hainan International Clearing House has gained traction as a risk management tool, with over 50 million tons cleared in just over a month [4] Group 2: Challenges and Opportunities - The current environment has increased risks in the bulk commodity sector, making it difficult for enterprises to maintain stable operations and manage profits effectively [3] - The forward market faces significant issues, particularly regarding reliance on corporate credit and the lack of a systematic risk prevention framework, which can lead to widespread impacts in case of defaults [5] - Hainan International Clearing House aims to continuously develop new OTC derivative tools to meet the real needs of enterprises and enhance service capabilities [5][6]

Core Viewpoint - Agricultural Bank of China Fujian Branch focuses on enhancing financial support for local key industrial chains, aiming to boost rural revitalization and contribute to the development of the real economy and common prosperity [1] Financial Support and Growth - As of the end of March this year, the agricultural loans balance of Agricultural Bank of China Fujian Branch reached 249.45 billion yuan, with a net increase of 18.17 billion yuan since the beginning of the year [2] - The bank has visited over 3,000 out of 3,061 agricultural industrialization leading enterprises in the province, achieving a coverage rate of 99% [3] - The credit support coverage rate for these enterprises has increased to 20.48%, up by 6.66 percentage points since the beginning of the year [3] Service Model Innovation - The bank has established a three-tiered service system focusing on national, provincial, and county-level leading enterprises to ensure precise service delivery [3] - The Nanping Branch has developed financial service solutions tailored to the tea industry, integrating financial services into the entire tea production and sales chain [4] Customized Financial Solutions - The bank tailors comprehensive financial service plans for local advantageous industries such as tea, bamboo, and aquatic products [5] - In Longhai District, the bank provided a 2 million yuan working capital loan to a leading enterprise in the freeze-dried food industry, facilitating production expansion and research and development [6] Community and Economic Impact - The bank has launched a comprehensive service plan for the Sha County snack industry, addressing financial bottlenecks across the agricultural product supply chain [7] - The "Huinong e-loan (Sha County Snacks)" product has successfully supported local entrepreneurs, with the Sha County branch providing a total of 934 million yuan in credit support to 4,112 snack owners and their partners as of the end of March [8]

Group 1 - The core viewpoint of the article emphasizes the future financial system reforms in China, focusing on optimizing financial resource allocation, enhancing the central bank system, ensuring financial stability, improving financial service quality, and promoting high-level financial openness [2][3][4] Group 2 - The importance of maintaining a stable financial environment is highlighted, with a call to improve multi-level capital markets and support long-term funding for strategic emerging industries and technological innovation [2] - The need for deepening interest rate marketization reform and enhancing the effectiveness of policy interest rates is discussed, aiming to optimize the design of structural monetary policy tools [3] - Strengthening regulatory frameworks and enhancing governance capabilities of small and medium-sized banks are emphasized to ensure financial stability [3] - Financial institutions are urged to focus on serving the real economy and improving resource allocation efficiency while preventing excessive speculation [3] - The strategic significance of advancing the internationalization of the Renminbi and developing offshore Renminbi products is noted, alongside the necessity for a robust international financial center [4]

近日，由申万宏源独家主承销的台州市资产管理有限公司（以下简称"台州资管"） 2025年面向专业投资者非公开发行公司债券（第一期）（以下简称"本期债券"）成功 发行。本期债券发行规模2亿元，发行期限5年，票面利率2.47%，全场认购倍数2.35 倍。本期债券得到了投资者的踊跃认购，充分体现资本市场投资者对台州资管企业信用 的高度认可和未来发展的坚定看好。 本期债券为发行人首次于公开市场亮相，在前期承揽、销售询价及簿记过程中，台 州分公司、浙江分公司、固定收益销售交易总部和固定收益融资总部紧密联系，高效联 动，充分发挥大协同优势，深度对接发行人和投资者，在挖掘拓展投资者维度、引导票 面利率等方面作出了突出贡献，发行结果以及工作效率均获得了发行人高度好评。 免责 声 明 台州市资产管理有限公司是台州市金融生态体系中的关键一环，承担着不良资产处 置、资产管理、股权投资等重要职能。发行人作为台州城投产融投资板块的重要组成， 近年来坚持以市场化经营为导向，秉持"金融+产业"发展思路，聚焦特殊资产管理和股 权投资两大业务板块，自成立以来，累计处置不良资产金额超百亿元，有效化解区域金 融风险，优化地方金融机构资产质量，为实体 ...

Core Viewpoint - Qingdao Bank is actively supporting the real economy through targeted financial services, focusing on local development and innovative financing solutions to enhance the growth of various industries [1][5]. Group 1: Financial Support and Growth - As of the end of Q1, Qingdao Bank's corporate loan balance reached 279.56 billion yuan, an increase of 6.56% from the end of the previous year [1]. - The bank's technology finance loan balance was 27.30 billion yuan, reflecting a growth of 5.67% compared to the previous year [1]. Group 2: Case Studies of Financial Impact - The 5 million yuan credit line provided to Pusu Hotel Management has enabled the transformation of abandoned farmhouses into cultural-themed inns, boosting local consumption and increasing handmade craft orders by 60% and rural tourism revenue by 35% [2]. - Qingdao Bank's innovative "live collateral" model allowed Longming Cattle Industry to secure a loan of 288 million yuan for a cattle breeding project, marking the largest single credit in Shandong's livestock sector [3]. - Northqi Industrial received a credit line of 200 million yuan to expand production capacity in response to increased demand for high-quality milk powder cans, achieving a market share of 25% in the domestic milk powder can segment [4]. Group 3: Strategic Initiatives - Qingdao Bank is developing a dual-driven system of "industry mapping + financial modeling" to integrate deeply into Shandong's key industry clusters, aiming to enhance credit support and financial innovation for high-quality regional economic development [5].

期货日报网讯（记者 王宁）4月29日，由国富期货有限公司联合开封市祥符区花生产业发展服务中心、 开封市花生产业协会、福达花生网共同主办的"稳企安农 护航实体"花生期货及期权助力产业稳健发展 交流会在开封市祥符区成功举办。来自政府部门、科研机构、行业协会及产业链企业的110余位代表齐 聚一堂，共同探讨金融工具赋能花生产业高质量发展的创新路径。 专业赋能，以金融工具护航产业稳健发展 据记者了解，作为活动主办方之一，国富期货始终秉持"金融服务实体经济"的核心理念，充分发挥期货 及期权在价格风险管理中的专业优势。通过推广"保险+期货"、基差贸易等模式，国富期货已为多家花 生企业提供定制化风险管理方案，帮助锁定成本、规避市场风险。此次交流会进一步聚焦花生期权工具 的应用，通过案例讲解与实操分析，助力企业构建多层次风险防控体系，为花生产业稳健发展注入"金 融活水"。 深耕产区，见证祥符花生产业升级成果 事实上，祥符区作为全国花生产业集群区，近年来通过政策扶持、科技创新与金融赋能，构建了集种 植、加工、金融、科研于一体的全产业链生态圈。国富期货深度参与其中，见证了全国首单花生期货价 格保单在祥符区发放，更通过产融合作推动" ...

Core Viewpoint - The Shanghai Derivatives Market Forum, scheduled for May 22-23, 2025, will focus on enhancing the quality of service to the real economy through the development of China's futures market, reflecting a long-standing commitment to this goal over the past 21 years [1][2]. Group 1: Forum Themes and Objectives - The forum will explore new paths and practices for the futures market to better serve the real economy, emphasizing the importance of this theme in previous forums [2][3]. - Historical themes of the forum have consistently highlighted the relationship between futures markets and the real economy, adapting to various economic challenges over the years [2]. Group 2: Industry Services and Developments - The Shanghai Futures Exchange (SHFE) has been optimizing delivery processes and introducing differentiated margin requirements to facilitate participation from real economy enterprises, resulting in a 14% year-on-year increase in the number of trading industry clients in 2024 [3][4]. - The SHFE has implemented a three-year action plan to enhance delivery warehouse quality, adding 14 new delivery warehouses and 37 storage points in 2024 [3]. Group 3: Achievements and Innovations - The SHFE's comprehensive business platform launched in 2019 has strengthened the supply of effective products and promoted business model innovation, addressing the last mile of service to the real economy [4]. - The introduction of options for lead, nickel, tin, and alumina in 2024 has completed the coverage of non-ferrous metal options, providing essential tools for risk management for enterprises [5]. Group 4: Regulatory Framework and Market Stability - The futures market has maintained stability during various historical crises, including the 2008 financial crisis and extreme market events in 2020 and 2022, demonstrating resilience and effective risk management [6]. - The SHFE is committed to enhancing market risk assessment and response mechanisms to support the development of a modern industrial system while ensuring market stability [6]. Group 5: Future Directions and Commitments - The SHFE is aligning with global trends towards green and low-carbon transformation, expanding its product offerings to support the development of new productive forces [7]. - The SHFE aims to become a world-class exchange by enhancing its product matrix and operational mechanisms to better serve the real economy [7].