Core Insights - The seminar on "Capacity Pre-sale and Order Trading Compliance Innovation" was successfully held in Qingdao, attracting over twenty executives from various companies in the industry [1] - The event aimed to promote communication and learning among industry players, focusing on the healthy development of the bulk commodity market and innovative trading models [1] Group 1: Seminar Overview - The seminar was organized by Qihua Media, emphasizing the importance of innovation in trading models within the bulk commodity sector [1] - Keynote speeches included a review of ten years of supply-side structural reform and the core risk points in the bulk commodity supply chain [1][3] Group 2: Expert Insights - Industry expert Liu Yu discussed the logic and direction of innovation in the bulk commodity market, emphasizing the need for a comprehensive service platform [1] - The market director of Shandong Port Investment Control Group highlighted the importance of aligning trading platforms with national policies to seize innovation opportunities [2] Group 3: Challenges and Discussions - The executive vice president of Shandong Trading Market Clearing Corporation elaborated on the functions and value of clearing institutions [3] - The seminar concluded with a closed-door session where executives shared their current business situations and raised questions about challenges faced during innovation [3]

Group 1 - The Chinese government is accelerating the opening of the service industry amid rising unilateralism and protectionism globally, with a new comprehensive pilot work plan that includes 155 pilot tasks [1] - The work plan encourages the integration of advanced manufacturing and modern service industries to enhance international competitiveness, particularly through innovations in trading models such as capacity pre-sale and order transactions [1] - The establishment of a trading settlement system that aligns with international norms and promotes RMB-denominated products is emphasized to facilitate the efficient integration of manufacturing and services [1] Group 2 - Recent innovations in capacity pre-sale and order trading models on commodity trading platforms have addressed many challenges faced by enterprises and positively impacted the integration of manufacturing and services [2] - The Shanghai Steel Trading Center showcases how production capacities can be auctioned online, allowing sellers to secure customers and buyers to lock in prices, thus enhancing operational efficiency [2] - The "LNG Order Pass," set to launch in June 2024, represents a new order trading model in the oil and gas sector, aimed at improving market transparency and flexibility [2] Group 3 - The "LNG Order Pass" features characteristics such as price locking, dual fulfillment assurance, transparency, and competitive flexibility, which help enterprises manage market uncertainties and efficiently allocate resources [3] - By driving precise matching along the supply chain and embedding services into manufacturing, the integration efficiency of manufacturing and services can be significantly improved [3] - Innovations in trading models and enhanced service levels on commodity trading platforms can strengthen China's resource allocation influence in the global value chain, providing new infrastructure support for service industry expansion [3]