Core Viewpoint - The Zhengzhou Commodity Exchange (ZCE) is committed to advancing the research and registration of sunflower seed oil futures, while also promoting the development of futures for steel billets, cement, and chicken, and exploring the introduction of more short-term options [1] Group 1 - The ZCE plans to enhance its derivative tools by leveraging its strengths in energy and salt chemical sectors, focusing on the entire industrial chain to meet the needs of the real economy [1] - The exchange will implement tailored strategies for individual products and enterprises to optimize existing contracts and business rules, thereby increasing participation from industrial clients [1] - Initiatives such as "insurance + futures" and "sugar industry worry-free" projects will be advanced, along with improvements to the "commercial storage worry-free" business model [1] Group 2 - The ZCE aims to deepen the development of international products, including the implementation of bonded delivery for PTA, and plans to expand the range of tradable products under QFI [1] - The exchange seeks to achieve overall openness of the polyester futures sector and explore new cross-border cooperation opportunities, steadily promoting collaboration with overseas futures exchanges [1]

Core Viewpoint - The Guangzhou Futures Exchange is advancing the development of photovoltaic module futures, aiming to enhance trading in the solar energy sector [1] Group 1: Futures Contract Details - The proposed trading unit for photovoltaic module futures is set at 720 modules per contract, equivalent to approximately 453,600 watts [1] - The pricing unit will be in yuan per kilowatt, with a minimum price fluctuation of 0.5 yuan per kilowatt [1] - The daily price limit is established at ±4% of the previous trading day's settlement price, and the minimum margin requirement is 5% of the contract value [1] Group 2: Delivery Quality Standards - The delivery quality standards for photovoltaic module futures will focus on "core power indicators," including metrics that directly affect power output [1] - Key specifications such as minimum peak power, peak power temperature coefficient, and bifaciality will be aligned with the mainstream product specifications of leading market players [1] - A brand delivery system will be implemented, requiring that the modules delivered not only meet quality standards but also be from registered brands announced by the exchange [1]

Core Viewpoint - The Guangzhou Futures Exchange is nearing the completion of its research and development for platinum and palladium futures, responding to the industry's demand for financial tools to hedge against price volatility [1] Group 1: Industry Context - The prices of platinum and palladium have experienced significant fluctuations in recent years, leading to a strong demand from industry enterprises for related futures and options as risk management tools [1] Group 2: Development Progress - The R&D work for platinum and palladium futures has been ongoing for two years and is now in the final stages [1] - The next steps involve accelerating the process of soliciting opinions, filing contract rules, registering brands, and conducting on-site inspections of delivery warehouses under the guidance of the China Securities Regulatory Commission [1]