为规范格林美股份有限公司（以下简称"公司"）外汇衍生品交易业务，有 效防范投资风险，加强对外汇衍生品交易业务的管理，健全和完善公司外汇衍生品交 易业务管理机制，确保公司资产安全，根据《中华人民共和国公司法》、《中华人民 共和国证券法》、《上市公司信息披露管理办法》、《深圳证券交易所股票上市规则》 《公司章程》等的有关规定，结合公司具体实际，特制定本制度。 本制度所称外汇衍生品交易业务是指公司为满足正常生产经营需要，在金 融机构办理的规避和防范汇率风险或利率风险的保值增值操作，具体品种包括远期结 售汇、外汇掉期、外汇期权、利率互换、利率掉期、利率期权及其组合产品等。 本制度适用于公司及下属控股子公司的外汇衍生品交易业务，控股子公司 进行外汇衍生品交易业务视同公司外汇衍生品交易业务，适用本制度，但未经公司同 意，公司下属控股子公司不得操作该业务。同时，公司应当按照本制度的有关规定， 履行有关决策程序和信息披露业务。 公司外汇衍生品交易行为除遵守国家相关法律、法规及规范性文件的规定 外，还应遵守本制度的相关规定。 公司不进行单纯以盈利为目的的外汇衍生品交易，所有外汇衍生品交易业 务必须以正常生产经营为基础，以具体经 ...

《深圳证券交易所上市公司 核查意见 华泰联合证券有限责任公司 关于广东广康生化科技股份有限公司 继续开展外汇衍生品交易业务的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为广东广康生化科技股份有限公司（以下简称"广康生化"或"公司"）首次公 开发行股票并在创业板上市持续督导阶段的保荐人，根据《证券发行上市保荐业 务管理办法》 《深圳证券交易所创业板股票上市规则》 自律监管指引第 2 号——创业板上市公司规范运作》等有关规定，对广康生化拟 继续开展外汇衍生品交易业务事项进行了核查，具体核查情况如下： 一、开展外汇衍生品交易业务的目的 为有效规避外汇市场的风险，防范汇率大幅波动对公司造成不良影响，合理 降低财务费用，增强财务稳健性，公司及下属子公司拟适当与有关政府部门批准、 具有相关业务经营资格的银行等金融机构开展外汇衍生品交易业务。 二、开展外汇衍生品交易业务的基本情况 公司及下属子公司拟开展的外汇衍生品交易业务所涉及币种为公司及子公 司在境外业务中使用的结算货币，主要外币币种为美元，具体方式或产品主要包 括远期结售汇、外汇掉期、外汇买卖、外汇期权、利率互换、利率掉期、利率期 权 ...

（编辑 楚丽君） 证券日报网讯 8月15日晚间，晨光新材发布公告称，公司于2025年8月14日召开的第三届董事会第十三 次会议审议通过《关于开展外汇衍生品交易业务的议案》，同意公司及合并报表范围内子公司根据实际 经营需要开展外汇衍生品交易业务，包括期限为不超过一年的远期结售汇、外汇掉期、外汇期权、利率 掉期、利率期权、货币掉期等业务或业务的组合，累计交易金额不超过9，000万美元（或其他等值货 币），在额度及决议有效期内，可循环滚动使用。授权公司管理层在上述额度及业务期限内负责具体实 施外汇衍生品交易业务的相关事宜并签署相关合同等法律文件。 ...

Core Viewpoint - The document outlines the regulations and management framework for the foreign exchange hedging business of KJ Intelligent Technology Co., Ltd, emphasizing the importance of risk management and compliance with relevant laws and regulations [1][2][3]. Summary by Sections General Principles - The foreign exchange hedging business aims to mitigate currency and interest rate risks through various financial instruments, including forward contracts, swaps, and options [1]. - The policy applies to the company and its subsidiaries, prohibiting subsidiaries from engaging in hedging activities without company approval [1]. Operational Principles - The company must conduct hedging activities legally, prudently, and effectively, ensuring that all transactions are based on actual business operations and not for speculative purposes [2]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - Hedging contracts must align with the company's foreign currency cash flow forecasts, and the amounts involved should not exceed these forecasts [2]. Responsibilities and Approval Authority - The finance center is responsible for executing hedging activities, while the internal audit center oversees compliance and risk management [3][4]. - The board of directors and shareholders' meeting are the decision-making bodies for hedging activities, requiring feasibility reports for transactions exceeding certain thresholds [4][5]. Management and Internal Procedures - The finance center must monitor currency trends and develop hedging plans, while the internal audit department reviews the execution and financial implications of these activities [6][7]. - All personnel involved in hedging must adhere to confidentiality protocols to protect sensitive information [7]. Risk Reporting and Disclosure - The finance center is tasked with tracking market prices and assessing risk exposure, reporting findings to management and the board [8]. - The company must disclose hedging activities and any significant losses that exceed specified thresholds, ensuring transparency in financial reporting [8][9].

加拿大掉期市场预计加拿大央行本月降息的可能性为13%，自通胀数据公布以来几乎没有变化。 ...

Core Viewpoint - The company has established a comprehensive set of guidelines for its hedging activities to mitigate market price volatility risks, ensuring that these activities align with its operational needs and comply with relevant regulations [1][2]. Group 1: Hedging Business Overview - The hedging business includes financial derivatives and commodity futures hedging to mitigate risks associated with exchange rates, interest rates, and commodity prices [1][2]. - The company must conduct hedging activities in a legal, prudent, safe, and effective manner, ensuring that these activities do not interfere with normal operations or involve speculative trading [2]. Group 2: Organizational Structure - The company's board of directors and shareholders' meeting serve as the decision-making bodies for hedging activities [3]. - A dedicated working group is established to manage hedging activities, comprising key executives such as the chairman, general manager, and financial officers [3][4]. Group 3: Approval Authority - The company must prepare a feasibility analysis report for hedging activities, which requires approval from the board of directors [5]. - Certain transactions, particularly those involving significant financial commitments, must also be submitted for shareholders' approval [5]. Group 4: Risk Management - The company is required to conduct thorough assessments of financial institutions before engaging in hedging activities [27]. - Regular audits and checks are mandated to ensure compliance with risk management policies and to identify any operational risks [28][30]. Group 5: Emergency Procedures - In the event of significant market changes or natural disasters, the company must promptly report and take necessary actions to mitigate risks, including closing or locking positions [37][39]. - Contingency plans are in place for operational disruptions, ensuring that trading can continue through alternative means [40][41]. Group 6: Documentation and Record Keeping - All documentation related to hedging activities, including applications, approvals, and transaction records, must be archived for a minimum of ten years [41]. - The company is responsible for maintaining confidentiality regarding its hedging strategies and financial information [25].

Core Viewpoint - The document outlines the foreign exchange hedging policy of Jiangxi Fuxiang Pharmaceutical Co., Ltd., emphasizing risk management and compliance with relevant laws and regulations [3][4][5]. Summary by Sections General Provisions - The policy aims to standardize the foreign exchange hedging activities of the company and its subsidiaries to effectively prevent and control risks [3]. - Foreign exchange hedging activities are defined as transactions conducted with qualified financial institutions to mitigate exchange rate or interest rate risks [3]. Operational Regulations for Foreign Exchange Hedging - The company will not engage in hedging solely for profit; all activities must be based on normal business operations and aimed at risk avoidance [4]. - Transactions are restricted to approved financial institutions, and the company must establish its own hedging accounts [4][5]. - The company must have sufficient self-owned funds to match the margin for hedging activities and cannot use raised funds for these transactions [4]. Approval Authority for Foreign Exchange Hedging - All hedging activities require approval from the board of directors or shareholders, with specific thresholds for reporting to shareholders based on investment amounts [5][6]. - The chairman of the board or authorized personnel are responsible for the implementation and management of hedging activities [6]. Management and Internal Procedures - The finance department is responsible for the execution of hedging activities, including planning, funding, and daily management [7]. - The audit department oversees the actual operations of hedging activities, ensuring compliance and monitoring financial performance [7]. Confidentiality and Risk Reporting - All personnel involved in hedging must adhere to confidentiality protocols regarding the company's hedging strategies and financial information [8]. - In the event of significant risks or losses, the finance department must report to the board and propose countermeasures [8]. Information Disclosure - The company is required to disclose relevant information regarding its foreign exchange hedging activities in accordance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [8]. Miscellaneous - The policy will take effect upon approval by the board and will be interpreted by the board of directors [9].

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) emphasizes the importance of continuous reform in listing rules to create a favorable investment environment, rather than focusing solely on absolute rankings [1][12]. Group 1: Development and Growth - HKEX has evolved from a local exchange to an international market connecting China and the world, with the number of listed companies increasing from 790 in 2000 to over 2600 today [2][6]. - The total market capitalization of the Hong Kong stock market has grown sixfold, and the average daily trading volume has increased ninefold, reaching over 2400 billion HKD compared to 130 billion HKD in 2000 [3][6]. - As of June 20, 2023, HKEX has completed 31 IPOs this year, raising a total of 884 billion HKD, surpassing the total financing amount for the entire previous year [2][8]. Group 2: Market Dynamics and Trends - There has been a significant shift in the types of companies listed, with an increase in technology and new economy firms, particularly those that were previously unprofitable, such as biotech companies [8]. - The proportion of new economy companies listed on HKEX has increased, with major mainland companies like SF Express and Midea Group seeking dual listings in Hong Kong [8]. - The market has seen a resurgence of interest from international capital, particularly in innovative technology and new consumption enterprises [4]. Group 3: Future Outlook and Initiatives - HKEX aims to continue enhancing its international presence and will promote its market abroad in the second half of the year [4]. - The exchange is expanding its connectivity mechanisms, which now include stocks, bonds, ETFs, and interest rate swaps, with plans to incorporate Real Estate Investment Trusts (REITs) in the future [11][13]. - HKEX is committed to optimizing its trading infrastructure and improving the trading experience for participants, including potential adjustments to trading fees and the cancellation of trading halts due to adverse weather [14].

Core Viewpoint - The document outlines the foreign exchange hedging management system of Shenzhen Jingquan Technology Co., Ltd., aiming to standardize the hedging operations, enhance risk management, and ensure asset safety in compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The foreign exchange hedging business includes various instruments such as forward foreign exchange contracts, foreign exchange swaps, and options, among others [1]. - The system applies to the company and its wholly-owned and controlled subsidiaries, prohibiting subsidiaries from engaging in hedging activities without company consent [2]. Group 2: Operational Principles - The company must conduct hedging activities based on legitimate, prudent, safe, and effective principles, focusing on risk avoidance rather than speculative trading [2]. - Transactions are only permitted with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - The company must establish its own hedging accounts and cannot use third-party accounts for these transactions [2]. Group 3: Approval Authority - Specific approval thresholds are set for hedging activities, including a maximum transaction margin exceeding 50% of the latest audited net profit and a maximum contract value exceeding 50% of the latest audited net assets [5]. - All hedging activities must be reported to the company's chairman for approval, as subsidiary heads do not have final approval authority [6]. Group 4: Business Management Process - The board of directors and authorized personnel are responsible for decision-making regarding hedging activities, with a dedicated working group managing daily operations [6][7]. - The finance department is tasked with the feasibility analysis, implementation plans, and ongoing management of hedging activities [7]. - An internal audit department oversees the actual operations and compliance with risk management policies [7]. Group 5: Information Disclosure - The company is required to disclose information related to its hedging activities in accordance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [10]. - Significant risks or losses must be reported immediately if they reach 10% of the latest audited net profit or exceed 10 million RMB [10]. Group 6: Internal Risk Management - The company must adhere to national laws and regulations, establish a warning system for positions, and ensure accurate and timely recording of transactions [9][10]. - In case of significant exchange rate fluctuations, the finance department must analyze the situation and report to the working group and chairman [10]. Group 7: Miscellaneous - The management system is effective from the date of board resolution and is subject to revisions as necessary [11].