Core Insights - Dalian Commodity Exchange (DCE) has cultivated 12 bank-based industrial integration bases, enhancing the collaboration between finance and the real economy [1] - CITIC Bank, approved as a DCE industrial integration base in 2024, aims to leverage its decade-long experience in the futures market to empower the real economy [1][2] - The bank is transitioning from a single service model to a comprehensive financial service system that integrates exchanges, futures companies, and industrial enterprises [1][2] Group 1: Financial Services and Collaboration - CITIC Bank's competitive edge lies in its group synergy, allowing it to provide lifecycle services covering production, operation, and risk management [2] - The bank has established collaborative branches across various regions to enhance resource integration and has successfully matched financial services with industry needs [2] - The bank's approach aims to shift from "single-point support" to "ecological empowerment" in financial services [1][2] Group 2: Innovative Financial Products - CITIC Bank is implementing an "insurance + futures + banking" model, exemplified by its support for agricultural cooperatives, marking a significant case in rural revitalization [3] - The bank is also innovating products around futures in chemicals, energy, agricultural products, and non-ferrous metals, allowing for tailored large commodity forward swap transactions [4] - The introduction of these products aims to combine bank credit support with futures risk management, enhancing the financial landscape for various industries [4][5] Group 3: Future Directions and Market Impact - The bank's initiatives reflect a broader trend in deepening cooperation between banks and futures markets, evolving from basic margin deposit services to comprehensive financial solutions [5] - Future efforts will focus on further innovation and collaboration, aiming to create a recognized "professional brand" in the futures and industrial client sectors [5] - The ongoing development of innovative products and collaborative models is expected to significantly contribute to the high-quality development of the real economy [5]

Core Viewpoint - The Dalian Commodity Exchange (DCE) is enhancing interaction with industrial financial bases to strengthen industry service collaboration, as evidenced by the recent "Energy and Chemical Sector Industrial Financial Base Exchange Conference" held in Hangzhou [1] Group 1: Market Participation and Growth - DCE's six energy and chemical products have an average daily open interest of 2.44 million contracts this year, with industrial clients accounting for 37% of the open interest, reflecting a growth of 43% and an increase of nearly 10 percentage points over the past three years [1] - The establishment of 34 industrial financial bases has been pivotal for the development of the energy and chemical sector in Dalian's futures market [1] Group 2: Industry Challenges and Recommendations - The current futures market shows sufficient participation from midstream trading enterprises but insufficient involvement from upstream and downstream entities, indicating a need for greater engagement from these sectors [1] - Companies are encouraged to utilize futures and derivative tools to stabilize operations amid uncertainties in domestic chemical product prices, as highlighted by the chairman of Hongze Research [2] Group 3: Training and Development Initiatives - The DCE aims to enhance the capabilities of industrial financial bases through training, experience sharing, and cooperation to improve understanding of futures tools among upstream and downstream enterprises [2][3] - The DCE has supported over 500 industrial cultivation activities since the establishment of its service brand in 2017, promoting a learning environment for the application of futures tools [5] Group 4: Future Directions and Strategic Initiatives - The DCE plans to continue strengthening cooperation with industrial financial bases through regular recruitment and a points-based evaluation system to enhance service functions [6] - Future activities will include specialized training sessions and exchanges for agricultural products and black commodities, aiming to deepen the integration of the futures market with the real economy [6]