Group 1 - The article highlights the vibrant agricultural landscape in Xinjiang, showcasing the importance of cotton and the role of futures markets in risk management within the cotton industry [1] - Xinjiang is focusing on building a complete cotton industry chain, enhancing competitiveness in planting and deep processing, supported by financial services to ensure high-quality development [1] - Zhejiang Futures Industry is leveraging its expertise to provide continuous support to the Xinjiang cotton industry through innovative financial services [1] Group 2 - Cotton prices are experiencing significant volatility due to multiple factors, increasing operational risks for market participants and posing new challenges to the stability of the cotton industry chain [2] - There is a growing demand for diversified and personalized risk management tools among cotton enterprises in Xinjiang, leading to an exploration of futures tools [2] - A specific cotton supply chain company in Xinjiang is actively integrating futures tools into its production processes to mitigate potential operational risks [2] Group 3 - Zhejiang Futures Industry has designed several hedging solutions tailored to the specific needs of a cotton enterprise, optimizing service models based on market conditions [3] - The cotton enterprise successfully executed three transactions involving over-the-counter options, utilizing a buy-in circuit breaker cumulative put option strategy to stabilize operations amid market fluctuations [3] - The advantages of over-the-counter options include lower capital requirements and greater flexibility compared to traditional futures hedging, enhancing the ability of enterprises to manage market risks [3]