Core Viewpoint - The futures industry is undergoing regulatory changes aimed at enhancing quality and compliance, shifting from quantity-driven growth to a focus on high-quality development and diversified services [2][4][5]. Group 1: Regulatory Changes and Industry Direction - The new regulations emphasize compliance and risk management, encouraging futures companies to create a positive industry atmosphere and enhance their service capabilities to support the real economy [2][4]. - The industry is transitioning from a marketing-oriented approach to a service-oriented model, with companies encouraged to establish compliance frameworks and improve their operational management [3][4]. Group 2: Company Strategies and Innovations - Companies like Nanhua Futures are focusing on a diversified business model that includes futures brokerage, risk management, wealth management, and overseas financial services to provide comprehensive risk management solutions [2]. - Newhu Futures is restructuring its business into four layers: intermediary, tool, trading service, and trading investment, aiming to enhance service quality and client engagement [3]. - Green Dahu Futures plans to implement a multi-faceted strategy that includes business diversification, customer diversification, and a focus on regional and functional capabilities to meet national strategic goals [4]. - Zhejiang Merchants Futures is leveraging digital innovation to improve service quality, developing platforms to address the pain points of small and medium-sized enterprises in pricing, inventory, and financing [5][6].

Core Viewpoint - Zhejiang Merchants Futures Co., Ltd. is hosting the first "Hedging Party" simulation competition from August to December 2025 to celebrate its 30th anniversary, aiming to enhance market risk management capabilities for enterprises and support high-quality development [1][2] Group 1 - The competition is designed to respond to the call for the futures industry to serve the real economy, leveraging the company's experience in derivative services and technology accumulation [1] - The "Hedging Party" system, developed by the company, integrates strategy suggestions, real-time alerts, and data analysis to provide comprehensive risk management solutions for enterprises [1] - The event highlights practical and professional aspects, focusing on real-world application in a simulated trading environment [2] Group 2 - Teams of 3 to 10 participants will compete using mainstream commodity futures and options contracts, utilizing the "Hedging Party" system to design and execute hedging strategies [2] - Each team will be supported by a dedicated advisory team consisting of senior researchers, risk controllers, and project managers, ensuring enhanced participation experience and skill development [2] - The competition includes stages for proposal submission, strategy execution, summary, and evaluation, with a panel of industry experts judging the entries [2]