Core Viewpoint - The launch of the China Securities Commodity Index Company's first sector-based commodity futures index series, the China Securities Energy and Chemical Industry Futures Index Series, aims to objectively reflect the price trends and industrial cycle changes of China's energy and chemical industry, which accounts for over 40% of the global market [1][2]. Group 1: Index Characteristics - The series includes three specific indices: the China Securities Energy and Chemical Industry Futures Price/Index, the China Securities Energy Chemical Finished Product Futures Price/Index, and the China Securities Organic Chemical Product Futures Price/Index [2]. - The indices are based on domestic listed futures varieties, covering important products from both the futures and spot markets, thus providing a comprehensive view of the energy and chemical industry chain [2][3]. - The series focuses on different segments of the industry chain and selects mature products in the futures market, offering reliable market dynamics for enterprises and investors to hedge against price volatility [2][4]. Group 2: Impact on Enterprises - The index design balances macroeconomic commonalities and microeconomic characteristics, aiding production companies in planning production and sales strategies based on market supply and demand trends [3][4]. - The series is expected to enhance the pricing power of Chinese commodities in the global market, filling the gap in pricing benchmarks for the industry chain [4][9]. - The index's comprehensive coverage allows for better price signals, enabling companies to manage production and procurement more effectively [6][7]. Group 3: Market Dynamics - The correlation and hedging efficiency of six energy and chemical futures varieties have remained above 90% from 2021 to 2024, indicating the importance of the pricing mechanism for upstream and downstream enterprises [5]. - The index provides a more intuitive and macro price signal, facilitating smoother cooperation between suppliers and buyers in the commodity market [6][7]. - The index's introduction is seen as a significant step towards a more systematic and diversified commodity futures market in China, enhancing the overall risk management capabilities of the industry [4][9][10].

Core Viewpoint - The launch of the China Securities Index Company's first sector-based commodity futures index series, the China Securities Energy and Chemical Industry Futures Index Series, aims to enhance the innovation of commodity index products and meet the diverse asset allocation needs of investors while strengthening China's international pricing power in the commodity sector [1][2]. Group 1: Index Overview - The China Securities Energy and Chemical Industry Futures Index Series consists of three indices: the China Securities Energy and Chemical Industry Futures Price/ Futures Index, the China Securities Energy and Chemical Product Futures Price/ Futures Index, and the China Securities Organic Chemical Product Futures Price/ Futures Index [1][2]. - These indices are designed to objectively reflect the overall price trends and industrial cycle changes of the domestic energy and chemical industry and its sub-sectors [2]. Group 2: Industry Impact - The introduction of the series signifies an expansion of China's commodity index system, providing investors with asset allocation tools that are more aligned with actual industrial developments [2][3]. - The indices are expected to serve as leading indicators for macroeconomic metrics, offering predictive insights into economic conditions and aiding macroeconomic management [3]. Group 3: Functionality and Innovation - The commodity indices will enhance price discovery and risk management functions, acting as a crucial link between the real economy and financial markets [4]. - The transparent compilation and publication mechanisms of the indices will enable investors to better understand market dynamics, facilitating informed investment decisions [4][5]. Group 4: Research and Development Enhancement - The development of the energy and chemical series indices is anticipated to elevate the research and analytical capabilities within the futures market, bridging gaps between different segments of the energy and chemical markets [5].