Core Viewpoint - Shanghai has released an action plan consisting of 18 measures aimed at enhancing the competitiveness and global pricing influence of non-ferrous metal commodities [1] Group 1: Promoting Market Connectivity - The plan supports the establishment of communication between Shanghai Clearing House and Shanghai Futures Exchange for risk management and clearing [2][5] - It encourages local non-ferrous metal trading venues to utilize commodity clearing channels for efficient fund settlement [2][5] - The initiative aims to involve various industries, such as automotive and construction, in futures and derivatives markets to better manage price risks [2][5][6] Group 2: Enhancing Internationalization - The action plan seeks to expand the international openness of Shanghai's non-ferrous metal futures market, gradually including eligible products in the list of open varieties [2][6] - It promotes cross-border delivery mechanisms and aims to establish overseas warehouses and cross-border delivery business models [2][6][7] - The plan emphasizes cooperation with foreign regulatory bodies and exchanges to explore cross-border business and product innovations [6][7] Group 3: Cultivating a Robust Market Ecosystem - The initiative focuses on nurturing competitive trading entities and fostering collaboration between commodity enterprises and their supply chain partners [3][7] - It explores the establishment of a market-making system for non-ferrous metal OTC derivatives [3][7] - The plan encourages the application of blockchain technology in the non-ferrous metal sector to enhance data sharing across platforms and institutions [3][7]