Core Viewpoint - Shanghai Futures Exchange (SHFE) has been focusing on the development needs of the energy industry since 2020, enhancing its role in providing risk management tools and market solutions to support high-quality development in the energy sector [1] Group 1: Development of Energy Financial Derivatives - SHFE is actively developing futures and options products in the clean and low-carbon energy sector to meet the dual demands of low-carbon transition and risk management in the energy industry [2] - The International Maritime Organization (IMO) has set targets to reduce carbon emissions from shipping by 40% by 2030 and 70% by 2050 compared to 2008 levels, with a significant reduction in sulfur content in marine fuels from 3.5% to 0.5% [2] - SHFE launched low-sulfur fuel oil futures on June 22, 2020, adopting an international platform and allowing foreign traders to participate, aligning with the industry's environmental upgrade requirements [2][3] Group 2: Market Expansion and Integration - Since its launch, the low-sulfur fuel oil futures market has steadily expanded, providing effective risk management tools for various industry chain enterprises, such as Sinopec and Ruifeng Group, to stabilize procurement costs and enhance market competitiveness [3] - SHFE has strengthened the integration of low-sulfur fuel oil futures with spot markets, launching several pricing systems to provide a RMB-denominated price benchmark for the shipping fuel market in the Asia-Pacific region [3] Group 3: LNG and Hydrogen Energy Development - As the LNG industry expands, SHFE is accelerating the development of LNG futures and options to address the price volatility risks faced by upstream, midstream, and downstream enterprises [4] - SHFE has established the "China Hydrogen Price Index System" to address the lack of pricing benchmarks in the hydrogen industry, linking hydrogen pricing with carbon emissions [5][6] - The index system has been expanded to cover more regions and types, providing timely price references and supporting the integration of hydrogen and carbon markets [6] Group 4: Future Directions - SHFE aims to continue enhancing the "China Hydrogen Price Index System" and develop green low-carbon futures products to support the energy industry's transition towards standardization, marketization, and greening [6]