11月19日—20日，"第十九届深圳国际金融博览会暨2025中国金融机构年会"在深圳举行。由证券时报主办的"2025 中国金融机构年会"主题为"聚势赋能 重塑价值"。 "2025中国金融机构年会"包括一场主论坛和六场分论坛，涉及证券投行、资管，以及银行、保险、信托、期货等 细分领域。包括头部银行、保险、券商、期货公司逾1000名业界精英，围绕当前中国经济、金融领域的热门话题 展开探讨。 在20日上午举行的"中国期货业年会"分论坛上，证券时报社党委副书记张晓峰在代表主办方致辞时表示，近年 来，中国期货市场实现跨越式发展，呈现规模质量齐升的良好局面。今年以来，铸造铝合金、丙烯、胶版印刷纸 等期货期权新品种陆续上市。截至目前，国内已上市157个期货和期权品种，为相关产业提供了精准的风险管理 工具。同时，QFII、RQFII 可交易品种不断扩容，对外开放的广度与深度持续拓展，让中国期货市场更好地融入 全球金融体系。今年境外客户增长显著，同比增幅达11%，交易者分布于40个国家和地区。 面对行业发展新形势，张晓峰认为，期货和衍生品被纳入五年规划建议，这是行业发展的幸事，意味着战略地位 显著提升。站在新的发展起点，面对新 ...

Core Viewpoint - The training program aimed to enhance the professional skills and responsibilities of mid-level management personnel in the futures industry, thereby improving the service level of futures to the real economy [1][2] Group 1: Training Overview - The "Mid-level Business Training Class for Futures Operating Institutions in Anhui" was successfully held on November 19, 2025, in Hefei, organized by Zhengzhou Commodity Exchange and Anhui Securities Regulatory Bureau [1] - Approximately 100 mid-level managers and key personnel from futures companies, branches, and risk management companies participated in the training [1] Group 2: Expert Lectures - Industry experts provided specialized lectures, focusing on market trends and practical needs, covering topics such as macroeconomic conditions, commodity market trends, and investment strategies [1] - A China International Capital Corporation expert analyzed global economic trends and commodity market developments [1] - New Lake Futures expert discussed the details of propylene futures options contracts and related industry cases [1] - Zhejiang Merchants Futures expert shared successful experiences in business innovation and talent development [1] - Kuitong Co. expert presented on team and organizational development practices [1] Group 3: Compliance and Ethics - The training included a session on "Integrity and Self-discipline in the Futures Industry," emphasizing compliance and ethical standards through case studies [2] - Zhengzhou Commodity Exchange expert introduced the rules of urea futures options contracts to help participants understand product characteristics and business regulations [2] Group 4: Feedback and Future Plans - Participants reported that the training was well-organized, with authoritative instructors and substantial content [2] - The association plans to continue leveraging the successful experiences from this training to enhance its operations and contribute to the high-quality development of the Anhui futures market [2]

面对行业发展新形势，张晓峰认为，期货和衍生品被纳入"十五五"规划建议，这是行业发展的幸事，意 味着战略地位显著提升。站在新的发展起点，面对新的时代使命，期货业应坚守服务实体经济初心，深 化功能发挥，筑牢合规风控底线，强化公司治理，积极拥抱数智化转型，拥抱开放创新机遇，拓展发展 空间。 人民财讯11月20日电，11月19日—20日，第十九届深圳国际金融博览会暨2025中国金融机构年会在深圳 举行。在20日上午举行的"中国期货业年会"分论坛上，证券时报社党委副书记张晓峰代表主办方致辞时 表示，近年来，中国期货市场实现跨越式发展，呈现规模质量齐升的良好局面。今年以来，铸造铝合 金、丙烯、胶版印刷纸等期货期权新品种陆续上市。截至目前，国内已上市157个期货和期权品种，为 相关产业提供了精准的风险管理工具。同时，QFII、RQFII可交易品种不断扩容，对外开放的广度与深 度持续拓展，让中国期货市场更好地融入全球金融体系。今年境外客户增长显著，同比增幅达11%，交 易者分布于40个国家和地区。 ...

丙烯期货期权的推出，助力构建起从能源到基础化工原料，再到合成材料的完整风险管理链条，有效填 补了这一关键中间环节的空白，为产业链企业提供了公开、透明、高效的风险管理工具，有助于企业锁 定成本、稳定利润、优化经营，进而提升整个产业链的韧性和竞争力。 会上， 东证期货分析师金晓对丙烯定价模式及产业链发展趋势进行了分析。他表示，当前丙烯定价以 成本为主，兼顾PP利润。由于丙烯下游利润普遍不佳，其定价多被动跟随原料端，其中丙烷的影响最 为显著，因PDH单套装置生产规模大且是主要的外放装置，对丙烯商品量影响最大。"目前新投产装置 中一体化装置居多，上下游投产节奏差异不大，丙烯与下游的相对强弱不会有很大变化。在当前丙烯上 下游利润都欠佳的背景下，整条碳三产业链呈现'深度绑定、休戚与共'的格局，只有终端需求率先恢 复，碳三产业链才能迎来下一个繁荣周期。"金晓称。 谈及丙烯衍生品在实体产业的应用，上海煜驰进出口有限公司期现经理钟睿分享了实践经验。他表示， 丙烯期货期权的上市为产业上下游企业带来了前所未有的风险对冲机会，不仅改变了市场竞争格局，还 为企业提供了全新的期现结合交易模式。 为提升分析师的丙烯研究能力和产业服务水平， ...

Group 1 - The core objective of the training session is to enhance the service capabilities of futures institutions in Beijing, thereby promoting high-quality development of the capital's futures market [1] - Zhengzhou Commodity Exchange (ZCE) aims to strengthen product, service, and regulatory supply to improve market operation quality, focusing on four key areas: optimizing product offerings, market cultivation, enhancing member service quality, and strengthening regulation [1][2] - The training emphasized the importance of team building in futures companies, highlighting that a strong team is essential for achieving sustainable growth and competitiveness [2] Group 2 - The trading consulting business is identified as a crucial direction for differentiation and specialization among futures companies, providing tailored services to meet enterprise needs [3] - Challenges faced by the trading consulting business include significant demand variability among enterprises, low efficiency in point-to-point services, and insufficient comprehensive talent [3] - Future developments in trading consulting should leverage technology and data, with a focus on building intelligent research platforms and digital risk management tools to enhance service efficiency and integration with the real economy [3]