Core Insights - The People's Bank of China announced the winners of the 2024 Financial Technology Development Award, with the "Huo Lifang" platform developed by Zheshang Futures and Zhejiang Qi Industry winning the first prize for its outstanding technological innovation and service effectiveness [1][3]. Group 1: Award Significance - The award is a prestigious recognition in China's financial technology sector, covering banks, securities, futures, and insurance [3]. - "Huo Lifang" is the first project from a futures company to win the first prize, highlighting the industry's recognition of its benchmark status in integrated futures management and digital risk control [3]. Group 2: Platform Features - "Huo Lifang" addresses pain points in traditional ERP systems, such as dynamic pricing difficulties, delayed settlements, unclear ownership, and fragmented risk control, by utilizing a data flow engine that integrates batch and AI [4]. - The platform includes various intelligent pricing models to adapt to complex trade scenarios, breaking the rigidity of traditional contracts [4]. - The settlement engine integrates data from spot prices, futures prices, and other factors to generate real-time settlement prices and amounts, eliminating delays [4]. - A dual-layer AI game model quantifies market volatility and performance risks, transitioning enterprises from passive compliance to proactive defense [4]. - The platform manages ownership through comprehensive tracking of key statuses and dynamic inventory value calculations, reducing operational risks [4]. Group 3: Impact and Future Plans - Since its launch, "Huo Lifang" has managed over 10 billion yuan in business scale [5]. - The award is seen as recognition of the role of futures technology in empowering the real economy and a motivation for continuous innovation [5]. - Zheshang Futures plans to leverage the award to expand the platform's service boundaries, supporting the digital transformation of commodity production and trading enterprises [5][6].