回顾活动历程，2024年首次面向市场公开征集便收获热烈反响，参与单位涵盖国家部委下属事业单位、 期货公司、产业企业、媒体、高校、证券公司、保险公司等，形成浓厚的外部参与氛围，显著提升了活 动影响力。首届作品主题集中于产业企业运用棉花、白糖、PTA、苹果、花生、玻璃等品种对冲市场风 险，生动呈现了期货市场在服务中小企业、助农增收、推动产业转型升级、赋能区域经济发展等方面的 积极作用。 本届征稿同样获得市场主体广泛响应，投稿主体包括期货公司、产业企业、媒体等各类机构及个人，部 分优质主体凭借持续深耕产业服务的实践积累，实现连续两年入围。参赛作品均为原创且未在重点媒体 平台刊发，内容聚焦实际问题，详细阐述了运用期货工具解决市场痛点的具体路径，涵盖风险识别、方 案设计、实施成效等核心要素。 12月25日，郑州商品交易所（以下简称"郑商所"）正式发布公告，2025"高质量发展中的期货力量"征稿 活动圆满落幕。经专家评审严格筛选，25篇聚焦期货服务实体经济实践的优秀稿件成功入围，集中展现 了期现融合的丰硕成效。 据记者了解，郑商所"高质量发展中的期货力量"征稿活动已连续开展2年，累计征集原创作品165篇。稿 件内容覆盖面 ...

本次征稿活动紧密围绕郑商所上市品种及相关业务，重点聚焦近两年期货市场在服务涉农主体风险管 理、中小微企业避险、绿色低碳转型、保障国家粮食能源安全等领域的实践成果，与中央金融工作会议 要求及金融"五篇大文章"重点领域导向高度契合。 郑商所2025"高质量发展中的期货力量"征稿活动圆满落幕 近日，郑商所2025"高质量发展中的期货力量"征稿活动圆满落幕。经专家评审严格筛选，25篇聚焦期货 服务实体经济实践的优秀稿件成功入围，集中展现了期现融合的丰硕成果。 据期货日报记者了解，郑商所"高质量发展中的期货力量"征稿活动已连续开展两年，累计征集原创作品 165篇。稿件内容覆盖面广、针对性强，涵盖产业"期现结合"破解产购销难题、"期货+""期权+"创新业 务助力涉农主体稳收增收、全链条风险管理提升产业韧性，以及期货市场服务区域经济发展、保障粮油 安全等多个核心领域。 在评审阶段，郑商所组织专家团队从主题鲜明度、问题导向性、典型性、通俗易懂性及可复制推广性五 个维度严格审核，最终确定25篇入围作品。 从入围作品来看，优秀案例覆盖多个重点产业链：既有服务粮油储备轮换的"场外近月累销+场内远月 锁价"模式，也有助力白糖、苹果、 ...

12月12日，广期所发布通知，修改《广州期货交易所碳酸锂期货、期权业务细则》（下称《细则》）， 涉及碳酸锂期货基准交割品质量标准等内容。其中，第四条的修改适用于碳酸锂LC2612合约及以后合 约，第五十三条的修改自2025年12月12日起实施。 本次修订内容参考新版电池级碳酸锂行业标准YS/T 582-2023进行调整，主要涉及《细则》中的第四 条，将基准交割品质量标准由"符合《中华人民共和国有色金属行业标准电池级碳酸锂》（YS/T 582- 2013）的要求"调整为"符合《中华人民共和国有色金属行业标准电池级碳酸锂》（YS/T 582-2023）的 要求"，将基准交割品中磁性物质、水分含量、钠、镁、钙、镍、硼、粒度D50质量标准由"磁性物质含 量≤0.00003%，水分含量≤0.25%，Na≤0.025%，Mg≤0.008%，Ca≤0.008%，Ni≤0.001%，B≤0.005%， 3μm≤D50≤8μm"调整为"磁性物质含量≤0.00002%，水分含量≤0.20%，Na≤0.02%，Mg≤0.005%， Ca≤0.005%，Ni≤0.0003%，B≤0.003%，4μm≤D50≤8μm"。 据期货日报记 ...

期货日报网讯（记者 刘威魁）12月12日，广州期货交易所（下称"广期所"）发布通知，修改《广州期 货交易所碳酸锂期货、期权业务细则》（下称《细则》），涉及碳酸锂期货基准交割品质量标准等内 容。其中，第四条的修改适用于碳酸锂LC2612合约及以后合约，第五十三条的修改自2025年12月12日 起实施。 据悉，本次修订内容参考新版电池级碳酸锂行业标准YS/T 582-2023进行调整，主要涉及《细则》中的 第四条，将基准交割品质量标准由"符合《中华人民共和国有色金属行业标准 电池级碳酸锂》（YS/T 582-2013）的要求"调整为"符合《中华人民共和国有色金属行业标准 电池级碳酸锂》（YS/T 582- 2023）的要求"，将基准交割品中磁性物质、水分含量、钠、镁、钙、镍、硼、粒度D50质量标准由"磁 性物质含量≤0.00003%，水分含量≤0.25%，Na≤0.025%，Mg≤0.008%，Ca≤0.008%，Ni≤0.001%， B≤0.005%，3μm≤D50≤8μm"调整为"磁性物质含量≤0.00002%，水分含量≤0.20%，Na≤0.02%， Mg≤0.005%，Ca≤0.005%，Ni≤0.000 ...

近年来，在证监会的坚强领导下，在各方的大力支持下，湖北证监局多措并举，持续推动期货市场服务 省内实体经济高质量发展。目前，湖北已具备坚实的期货服务基础，拥有两家期货公司、76家分支机 构、43个期货交割库，赋能产业发展、服务乡村振兴成效显著。2024年以来，辖区期货公司风险管理子 公司场外衍生品业务服务企业逾376家，服务规模超263亿元；2023年以来，实施208个"保险+期货"项 目，覆盖生猪、鸡蛋等9个品种，总保费3.44亿元，总保障金额70.91亿元。 下一步，湖北证监局将在证监会统一领导下，进一步凝聚多方力量，提升期货市场服务实体经济的精准 性和有效性，推动湖北辖区经济高质量发展。 本报讯（记者 邬梦雯）12月9日，为提升企业风险管理水平，助力市县经济高质量发展，由黄冈市人民 政府、大商所、湖北证监局联合主办，湖北省证券期货业协会协办的期货服务市县经济高质量发展培训 在黄冈举行。来自黄冈市农业农村系统、产业企业、保险及证券期货机构的代表等80余人现场参会。 参会嘉宾围绕期货市场发展、期货工具运用等主题展开授课，系统梳理了我国期货市场发展历程，深入 讲解了期货服务实体经济的路径与机制，并通过典型案例生 ...

12月9日，为深化期货市场服务实体经济功能，提升企业风险管理水平，助力市县经济高质量发展，由 黄冈市人民政府、大连商品交易所、湖北证监局联合主办，湖北省证券期货业协会协办的期货服务市县 经济高质量发展培训在黄冈成功举办。来自黄冈市、区、县农业农村局、黄冈产业企业代表、保险及证 券期货机构代表等共计80余人现场参会。 活动期间，大连商品交易所专家、长江期货副总裁以及湖北家美鲜电子商务有限公司董事长分别围绕期 货市场发展、期货工具运用等主题展开授课。 专家们系统梳理了我国期货市场发展历程，深入阐释了 期货服务实体经济的路径与机制，并通过典型案例剖析，生动展示了"保险+期货"模式在服务"三农"发 展中的创新实践。同时，结合黄冈产业特点，对当地产业发展现状进行了深度剖析，分享了企业套期保 值策略与成功案例，为参会企业提供了运用衍生品工具管理风险、提升经营效益的实践指导，助力市县 经济高质量发展。 据悉，近年来，在证监会的坚强领导下，在各方的大力支持下，湖北证监局多措并举，持续推动期货市 场服务省内实体经济高质量发展。目前，湖北构建了坚实的期货服务基础，拥有2家期货公司、76家分 支机构、43个期货交割库，赋能产业发展 ...

Core Insights - The article discusses the challenges faced by real enterprises due to changes in the international environment and domestic structural adjustments, highlighting the increasing importance of the futures market as a tool for risk management and stable operations [1][2][3] Group 1: Challenges in the Current Environment - Enterprises are facing new operational challenges due to changes in the global trade environment, which affects demand expectations and investment confidence [1][2] - Profit distribution across the industrial chain is uneven, with upstream raw materials showing stable prices while downstream demand for steel is slowing due to adjustments in the real estate market [2] - The adjustment of demand-side expectations is pushing enterprises to adapt their operating models, requiring more refined operations in response to complex market conditions [2][3] Group 2: Role of Futures Market - The futures market is becoming a crucial tool for enterprises to stabilize expectations and manage risks, providing price signals and diverse hedging methods [2][3] - Two case studies illustrate the effectiveness of futures tools: - The "insurance + futures" project for pig farmers in Hubei, which provided over 3 million yuan in compensation to mitigate price drops [2] - A paper pulp trading company in Shanghai that utilized customized options to hedge against price fluctuations, achieving a profit of 1.246 million yuan [3] Group 3: Need for Enhanced Risk Management - Many enterprises struggle with the concept of integrated risk management, often viewing futures positions separately from their physical operations, leading to potential losses [3][4] - There is a mismatch between the diverse needs of enterprises and the standardized tools available in the futures market, creating challenges in risk management [3][4] Group 4: Expectations for Futures Services - Enterprises are seeking more in-depth, customized risk management solutions rather than generic analyses or simple trading advice [4][5] - The futures industry is innovating service models to better address the risk management needs of small and medium-sized enterprises, including tools that convert absolute price risks into more manageable basis risks [5][6] Group 5: Addressing Service Gaps - The futures market faces two main challenges: the homogeneity of services offered by institutions and the lack of understanding among enterprises regarding the use of futures tools [6][7] - To overcome these challenges, the industry must transition from being mere transaction facilitators to becoming risk management partners, providing tailored solutions for the entire operational process [6][7]

Core Viewpoint - The 2025 Financial Street Forum Annual Conference aims to gather industry wisdom and discuss the development of the futures market, emphasizing the importance of protecting small and medium investors and enhancing market quality and service capabilities [1][2]. Group 1: Industry Development and Regulation - The conference highlights the need for the futures industry to align with the regulatory framework established by the China Securities Regulatory Commission (CSRC), focusing on risk prevention, strong regulation, and promoting high-quality development [1][3]. - The futures market is recognized as a crucial part of China's financial system, playing a significant role in price discovery, risk management, and resource allocation, which directly impacts enterprises and the public [3]. Group 2: Service to the Real Economy - The futures industry must transition from being mere "trading service providers" to "value partners in the industrial chain," offering strategic research and customized solutions to address common challenges faced by industries [2]. - There is a call for futures companies to provide comprehensive solutions that integrate research, risk management, and capital connection, thereby offering a closed-loop service that addresses various risks faced by industrial clients [2]. - The establishment of an integrated service ecosystem that combines spot trading, warehousing, logistics, financing, and data services is essential for enhancing operational efficiency and risk management across the entire industrial chain [2].

Core Insights - The issuance of the document "Opinions on Strengthening Regulation to Prevent Risks and Promote High-Quality Development of the Futures Market" establishes a new mission for the futures market to serve the real economy, emphasizing the importance of risk management and financial empowerment [1][2][11] Group 1: Policy and Strategic Direction - The document highlights the three main functions of the futures market: price discovery, risk management, and resource allocation, which should closely support the construction of a modern industrial system and the goal of a financial strong nation [2][3] - Five Minerals Futures has recognized the need to transition from a brokerage-focused service model to a more diversified and refined risk management approach to meet the evolving needs of real enterprises [2][3] Group 2: Identifying Challenges - Five Minerals Futures conducted a comprehensive assessment to identify two core pain points: the need to enhance service effectiveness for real enterprises and the necessity to strengthen the support of professional risk management talent [3][4] - The existing product offerings and service models are insufficient to meet the diverse risk management needs of enterprises at different scales and development stages [3] Group 3: Key Initiatives - Five Minerals Futures has launched three key initiatives to address the identified pain points and enhance service quality for the real economy [4][5] - The "drip irrigation" service model has been implemented to provide tailored risk management solutions, such as a combination strategy of futures and out-of-the-money put options for a steel enterprise, resulting in a net profit of 5.186 million yuan [5] - The "right to trade" service model has been introduced to help enterprises reduce procurement costs, exemplified by a silver cumulative option trade for a photovoltaic silver paste company [5][6] Group 4: Comprehensive Service Enhancement - Five Minerals Futures is building an "ecological" platform to improve comprehensive service capabilities and strengthen collaboration across the entire supply chain [6][7] - The company is actively recruiting and training talent with both industry and investment backgrounds to enhance its risk management service capabilities [6][7] - The upgraded "five-in-one" research and investment service system provides real-time market analysis and risk management strategies, successfully helping enterprises mitigate risks associated with price fluctuations [7][8] Group 5: Technological Innovation - Five Minerals Futures is advancing digital transformation by developing a derivative business monitoring system that integrates core data and provides real-time risk analysis [8][9] - The "Winkang Wencai" platform, powered by AI and industry big data, aims to address common pain points faced by industry clients, enhancing service efficiency and responsiveness [9][10] Group 6: Future Outlook - The company is committed to aligning its operations with national strategies and the high-quality development needs of the real economy, aiming to provide higher quality and more efficient futures services [11]

Core Insights - The article discusses the five major challenges faced by enterprises in the current international landscape, including price volatility, exchange rate fluctuations, external demand uncertainty, compliance risks, and interest rate management [1][2] - The futures market is highlighted as a crucial tool for enterprises to stabilize expectations and manage risks effectively [2][3] - The need for customized, full-cycle professional services in the futures market is emphasized, as many enterprises face difficulties due to a lack of professional talent, weak risk control systems, and financial pressures [3][4] Group 1: Challenges Faced by Enterprises - Enterprises are experiencing increased pressure from commodity price fluctuations, leading to inventory value volatility [2] - External demand uncertainty is causing enterprises to adopt conservative investment behaviors [2] - Exchange rate volatility is increasing the pressure on enterprises regarding cross-border settlement and foreign exchange losses [2] - Enterprises are required to allocate more resources to manage legal risks [2] - The difficulty in managing interest rate risks is rising for financial enterprises [2] Group 2: Role of the Futures Market - The futures market serves as a "shield" for enterprises, providing price discovery and risk management solutions [2][3] - The maturity of the futures market and the diversification of its participants enhance its ability to capture supply-demand changes and macroeconomic sentiments [2][3] - Futures tools like hedging are essential for enterprises to manage risks and optimize resource allocation [2][3] Group 3: Expectations from Futures Companies - Enterprises expect customized services that consider their specific circumstances, such as their scale and supply chain dynamics [4][5] - There is a demand for full-cycle support in building risk management systems, including institutional development and process optimization [4][5] - Enterprises seek comprehensive support from futures companies, including policy interpretation and professional training to lower the barriers to using futures tools [5][6] Group 4: Innovations and Solutions - Futures companies are leveraging financial technology and innovative models, such as AI-driven research and "insurance + futures" to address the challenges faced by small and medium-sized enterprises [3][5] - The need for more tailored futures products that align with the realities of various industries is highlighted, along with the importance of refining contract designs [5][6] - The article suggests enhancing investor education to change the perception of futures as high-risk instruments and to improve market participation [6][7]