Core Insights - The "Insurance + Futures" model has been successfully implemented for ten years, significantly benefiting farmers and enhancing rural financial services [2][15][18] - Zhengzhou Commodity Exchange (ZCE) has expanded its support to nearly 760,000 farmers across 16 provinces, covering key agricultural products [2][15] - The model has evolved from price insurance to income insurance, addressing various agricultural risks and promoting rural revitalization [9][15][17] Group 1: "Insurance + Futures" Model Overview - The model has been a key financial innovation in supporting agriculture, with ZCE conducting pilot projects in 250 locations [2][15] - It has provided a "price safety net" for major crops like apples, red dates, peanuts, sugar, cotton, and rapeseed [2][15] - The initiative has been recognized in national policy documents, emphasizing its importance in rural financial services [15][18] Group 2: Sugar Futures and Its Impact - Sugar futures were among the first products in the "Insurance + Futures" program, with 69 projects launched from 2016 to 2024, covering 424,000 acres [3][4] - The total insurance amount for sugar projects reached 11.13 billion yuan, with compensation of 240 million yuan [3][4] - The "Sugar Industry Worry-Free" project was introduced to enhance risk management for both farmers and sugar companies [4][5] Group 3: Peanut Futures Development - Peanut futures were launched in 2021, with projects covering major production areas in Henan, Shandong, Liaoning, and Hubei [9][11] - The project has evolved to include income insurance, significantly increasing coverage and compensation amounts [11][12] - The innovative "trigger lock enhanced Asian option" design has improved risk management efficiency for farmers [10][11] Group 4: Apple Futures and Rural Revitalization - The "Insurance + Futures" model for apples has been implemented in Gansu and Shaanxi, benefiting over 11,000 farmers [13][14] - The program has provided risk protection totaling 2.588 billion yuan, with compensation of 143 million yuan [14][16] - The initiative has strengthened the connection between farmers and market dynamics, enhancing their financial literacy [14][16] Group 5: Future Directions and Innovations - The model is set to continue evolving, with plans to deepen financial innovation and expand its reach [15][18] - ZCE aims to create sustainable and replicable financial models that support rural economic development [15][18] - The ongoing collaboration with government and financial institutions will further enhance the effectiveness of the "Insurance + Futures" model [17][18]

Core Viewpoint - The "Sugar Industry Worry-Free" project supported by Zhengzhou Commodity Exchange aims to stabilize the sugar industry in Guangxi, ensuring farmers' income and reducing risks for sugar enterprises, thereby promoting high-quality economic development in the region [1][2][6]. Group 1: Project Overview - The "Sugar Industry Worry-Free" project is part of the "insurance + futures" model, designed to provide risk protection for sugarcane farmers while encouraging sugar enterprises to manage risks through the futures market [2][3]. - The project connects sugarcane farmers and sugar enterprises using white sugar futures prices, extending the service along the industry chain compared to traditional models [3][5]. - The project is expected to cover thousands of acres of sugarcane fields in Guangxi, benefiting numerous farmers and cooperatives [5]. Group 2: Benefits for Farmers and Enterprises - For farmers, the project provides a safety net against market price fluctuations, ensuring stable planting income and encouraging higher planting enthusiasm [4][5]. - For sugar enterprises, the project stabilizes the raw material supply chain, reduces risk management costs, and enhances corporate social responsibility by supporting rural revitalization [4][5]. - The project allows sugar enterprises to lock in production costs and smooth operating profits through futures market transactions [4][5]. Group 3: Government and Industry Support - The project aligns with the national strategy for rural revitalization and the directives from the government to strengthen the sugar industry in Guangxi [2][6]. - Zhengzhou Commodity Exchange has continuously improved white sugar futures rules and expanded delivery warehouses in Guangxi to enhance service quality for the local sugar industry [2][3]. - The project is seen as a practical implementation of government initiatives to ensure national sugar security and promote farmers' income [6].

Group 1 - The 2025 China (Zhengzhou) International Futures Forum was held in Zhengzhou, organized by Zhengzhou Commodity Exchange (ZCE) and Chicago Mercantile Exchange Group [1] - ZCE Chairman Xiong Jun emphasized the continuous enrichment of product tools and the solidification of service foundations, focusing on national strategies and real economic development needs [1] - ZCE plans to steadily advance the research and registration of sunflower seed oil futures, orderly promote the development of steel billets, cement, and chicken futures, and explore more short-term options [1] Group 2 - ZCE aims to enhance market operation and service quality, implementing tailored strategies for listed products and individual enterprises to support risk management companies and commodity traders [1] - The exchange is promoting projects like "Insurance + Futures" and "Sugar Industry Worry-Free," optimizing the "Commercial Storage Worry-Free" business model to create more influential brand offerings [1] - ZCE is steadily expanding high-level openness and accelerating the construction of a world-class exchange, aligning with high-quality development goals and implementing the "14th Five-Year" strategic plan [2]