Core Viewpoint - The training session held in Xinjiang aims to enhance the understanding and capability of state-owned enterprises and listed companies in utilizing the futures market for risk management, thereby injecting new momentum into the construction of a modern industrial system in the region [1][2]. Group 1: Importance of Futures Market - The futures market plays a crucial role in price discovery, risk management, and resource allocation, contributing significantly to risk management, industrial upgrading, and rural revitalization in Xinjiang [2]. - Despite the steady development of the futures market in Xinjiang, there are still shortcomings such as low awareness of the market, a predominance of small institutions, weak professional service capabilities, and low participation from industries [2]. Group 2: Training and Development Initiatives - The training is part of a broader strategy to support the development of western regions and enhance the futures market's service capabilities for the real economy [3]. - The Dalian Commodity Exchange (DCE) has established delivery warehouses and service bases in Xinjiang, providing tailored risk management solutions and training for local enterprises [3][4]. Group 3: Corporate Participation in Futures Market - In 2024, 1,503 listed companies issued hedging announcements, with the participation rate rising to 28.6%, reflecting a 15.7% year-on-year increase in the first seven months [6][7]. - The number of companies participating in hedging has seen a compound annual growth rate of 23% over the past decade, indicating a growing trend towards embracing futures derivatives [6][7]. Group 4: Future Developments and Innovations - DCE plans to introduce a plastic monthly average price futures contract to provide more pricing benchmarks and risk management tools for industry enterprises [8]. - The training emphasized the importance of developing a robust risk management framework for state-owned enterprises, focusing on the necessity of adhering to hedging principles and avoiding speculative trading [9]. Group 5: Feedback and Future Outlook - Participants expressed that the training provided valuable learning opportunities, which will help enhance their risk management capabilities and contribute to the high-quality development of Xinjiang [10].