Core Viewpoint - The "Action Plan" aims to enhance the linkage between the futures and spot markets for non-ferrous metals, increasing Shanghai's global pricing influence and market capability [1][2]. Group 1: Action Plan Overview - The "Action Plan" consists of 18 measures focused on strengthening the internationalization of the non-ferrous metals market and enhancing the influence of "Shanghai prices" [1]. - The plan emphasizes the systematic reinforcement of Shanghai's benchmark status in the futures market, extending its reach into the entire trade and risk management ecosystem [1][2]. Group 2: Internationalization and Market Participation - The plan seeks to expand the high-level institutional openness of Shanghai's non-ferrous metals futures market, allowing qualified products to be included in the specific categories for foreign participation [2]. - By attracting diverse participants such as foreign miners, traders, and investment institutions, the plan aims to ensure that "Shanghai prices" reflect global supply and demand, transitioning China from a passive price receiver to an active price influencer [2]. Group 3: Cross-Border Delivery and Market Synergy - The "Action Plan" encourages the exploration of cross-border delivery and the development of overseas storage and delivery models, aiming to enhance the international influence of China's non-ferrous metals [2][3]. - The opening of non-ferrous metals futures and options is expected to create strong synergistic effects with other pricing centers in Shanghai, attracting international resources and forming a complete industrial ecosystem [3]. Group 4: Current Market Status - As of now, the Shanghai Futures Exchange has listed 11 non-ferrous metal futures and 10 options, with some products already possessing pricing capabilities on a global or regional scale [3].