以企业开展仓单交易为例，若企业将频繁买卖仓单的行为视为传统贸易行为，而非参照金融工具进行管 理，将导致财务信息失真，进而影响投资者对企业业务模式和风险特征的判断。期货日报记者梳理发 现，多年来，监管部门通过递进式的政策设计，为企业开展仓单交易、点价销售等新兴业务提供了清晰 指引。 在全球经济深度融合与金融创新加速迭代的背景下，企业与金融体系的互动模式正经历深刻变革。资产 证券化、期货及衍生品等金融工具的广泛应用，既为企业风险管理提供了创新工具，也对会计处理的规 范性提出了更高要求。 金融工具会计处理的规范化进程，本质上是构建"信任经济"的基石。在金融创新与风险交织的当下，准 确计量金融工具价值，不仅能降低市场信息不对称，更是优化资源配置、强化风险管控的关键抓手。 典型案例的发布为企业对仓单交易的会计处理提供了样本和意见，但相关监管闭环体系亟待完善。2025 年7月8日，财政部会计司发布标准仓单交易会计处理实施问答。财政部会计司进一步明确，企业在期货 交易场所通过频繁买卖标准仓单合同赚取差价、不提取商品实物的，应将相关合同视同金融工具处理。 新的要求引发了期货和现货业内人士的颇多讨论。总的来看，这一规定具有多重 ...

Core Viewpoint - The Shanghai Derivatives Market Forum, scheduled for May 22-23, 2025, will focus on enhancing the quality of service to the real economy through the development of China's futures market, reflecting a long-standing commitment to this goal over the past 21 years [1][2]. Group 1: Forum Themes and Objectives - The forum will explore new paths and practices for the futures market to better serve the real economy, emphasizing the importance of this theme in previous forums [2][3]. - Historical themes of the forum have consistently highlighted the relationship between futures markets and the real economy, adapting to various economic challenges over the years [2]. Group 2: Industry Services and Developments - The Shanghai Futures Exchange (SHFE) has been optimizing delivery processes and introducing differentiated margin requirements to facilitate participation from real economy enterprises, resulting in a 14% year-on-year increase in the number of trading industry clients in 2024 [3][4]. - The SHFE has implemented a three-year action plan to enhance delivery warehouse quality, adding 14 new delivery warehouses and 37 storage points in 2024 [3]. Group 3: Achievements and Innovations - The SHFE's comprehensive business platform launched in 2019 has strengthened the supply of effective products and promoted business model innovation, addressing the last mile of service to the real economy [4]. - The introduction of options for lead, nickel, tin, and alumina in 2024 has completed the coverage of non-ferrous metal options, providing essential tools for risk management for enterprises [5]. Group 4: Regulatory Framework and Market Stability - The futures market has maintained stability during various historical crises, including the 2008 financial crisis and extreme market events in 2020 and 2022, demonstrating resilience and effective risk management [6]. - The SHFE is committed to enhancing market risk assessment and response mechanisms to support the development of a modern industrial system while ensuring market stability [6]. Group 5: Future Directions and Commitments - The SHFE is aligning with global trends towards green and low-carbon transformation, expanding its product offerings to support the development of new productive forces [7]. - The SHFE aims to become a world-class exchange by enhancing its product matrix and operational mechanisms to better serve the real economy [7].