Core Insights - The "Huo Lifang" platform developed by Zhejiang Merchants Futures has achieved full online operation for spot and futures business, addressing key industry pain points such as unclear ownership, delayed settlement, and fragmented risk control [1][2] - The platform represents a significant breakthrough in providing comprehensive management for the commodity industry, integrating technology, industry, and finance [1] Group 1: Platform Features - "Huo Lifang" is the first self-developed integrated management system for spot and futures business in the futures industry, featuring three main functional modules: full lifecycle management for the spot side, an intelligent settlement center for the futures side, and a multi-template risk control system [2] - The platform enhances operational efficiency, reduces costs, and optimizes customer experience by managing key aspects such as customer management, contract management, inventory management, and payment processes [2] Group 2: Market Impact - The platform currently manages approximately 22 billion yuan in risk business and aims to serve over 10,000 commodity-related enterprises, with a market scale exceeding one trillion yuan [3] - "Huo Lifang" is designed to standardize, clarify, and digitize the basis trade in commodities, providing robust and efficient trade infrastructure for real enterprises [3] Group 3: Future Outlook - Zhejiang Merchants Futures plans to deepen collaboration with futures risk subsidiaries, commodity trading companies, and supply chain service providers, leveraging the advantages of Zhejiang's commodity industry cluster [3] - The company aims to contribute to the construction of a unified national market by building a standardized, transparent, efficient, and trustworthy commodity market ecosystem [3]