Core Viewpoint - The China Futures Association is soliciting public opinions on the "Guidelines for Futures Companies to Publish Futures Research Reports (Draft for Comments)", which is expected to promote the development of futures trading consulting services centered on professional research [1] Group 1: Current State of Futures Trading Consulting Business - Futures trading consulting has been a relatively low-profile innovation for domestic futures companies, with its growth and scale lagging behind other innovative businesses in recent years [2] - The annual revenue from futures trading consulting has fluctuated between 100 million to 180 million yuan from 2018 to 2022, totaling only 717 million yuan over five years, accounting for approximately 0.065% of the total revenue of futures companies [3] - The main challenges hindering the rapid development of futures trading consulting include significant service homogeneity, a shortage of professional talent, and low client willingness to pay [3] Group 2: Regulatory and Structural Changes - The introduction of the "Guidelines" is seen as a pivotal moment for the futures trading consulting business, aiming to clarify compliance boundaries and foster a closed-loop management system [4][5] - The "Guidelines" will provide clear compliance bases for futures companies, allowing them to innovate service models within a regulated framework, thus reducing operational risks [5] Group 3: Future Directions and Opportunities - Futures companies are encouraged to focus on professional capabilities and compliance systems to enhance the sustainability and quality of futures trading consulting services [6] - The industry is expected to shift from a brokerage-focused model to one that emphasizes consulting and wealth management, with the "Guidelines" guiding the enhancement of research product professionalism and diversity [6] - There is a consensus that the futures trading consulting business will find broad development space centered on professional solutions, driven by the increasing sophistication of risk management needs from industrial clients [7]