（文章来源：期货日报网） 复旦大学有关负责人表示，气温、风、光等气象资源是当前经济社会发展的重要资源，具有显著的经济 价值。在全球气候变暖背景下，气候对经济社会运行的影响日益凸显。天气衍生品作为典型的绿色金融 工具，具备灵活的风险转移与分散功能，有助于有效管理气象风险。复旦大学在气象科学与经济金融领 域均拥有深厚的学术积累，将积极助力金融与气象的深度融合与协同创新。 国家气象信息中心有关负责人表示，《关于加强金融气象协同联动、服务经济社会高质量发展的指导意 见》明确提出建立天气衍生品金融工具体系，推进金融气象数据、产品、技术及人才资源双向聚合。三 方合作推动天气类衍生品研发，既是响应国家战略号召的责任担当，更是破解行业发展痛点的务实之 举。国家气象信息中心依托国家级业务数字基座，持续完善数据治理体系，为天气指数及其衍生品的开 发和稳定运行提供全方位支撑。 据了解，下一步，三方将进一步整合资源、凝聚合力，推动天气类指数在金融领域的应用，共同书写金 融气象服务中国式现代化的新篇章。 近日，广期所与复旦大学、国家气象信息中心签署三方合作框架协议，并举行座谈。 据期货日报记者了解，上述三方有关负责同志就推动"气象×金 ...

（来源：经济日报） 在全球气候变化加剧的背景下，气候资源已成为推动经济社会可持续发展的核心要素。蓝皮书指出，气 候资源经济转化旨在通过政策、市场机制和技术创新，将气候资源转化为商品和服务，创造经济价值， 实现气候资源的可持续利用，推动经济增长与环境保护的系统发展，对保障粮食安全、促进产业升级、 改善民生福祉等具有深远意义。 当前，我国气候资源转化仍面临技术瓶颈、机制不完善等挑战，需通过科技赋能、制度创新与区域协作 实现破局。蓝皮书的分报告聚焦能源开发领域，深入分析风能、太阳能等气候资源评估与利用技术的迭 代升级，凸显气象服务对新型能源体系的基础支撑作用；聚焦产业融合领域，系统梳理农业、旅游、康 养等产业与气候资源适配的创新模式，探索资源禀赋向特色业态转化的可行路径；聚焦价值核算领域， 构建气候生态产品"理论—方法—应用"的完整链条，倡导建立统一科学的核算标准体系，为资源市场化 奠定根基；面向"双碳"目标需求，系统综述全球及城市尺度碳源汇反演核算技术进展，为构建高精度、 多尺度的碳通量监测核算体系提供方法论指引。 蓝皮书从多维度分析了气候资源经济转化路径与成效。例如在农业方面，农业气候资源评估助力粮食安 全，评 ...

中央经济工作会议12月10日至11日在北京举行。会议总结2025年经济工作，分析当前经济形势，部署 了"十五五"规划开局之年经济工作的重点任务。会议明确，明年经济工作要以习近平新时代中国特色社 会主义思想为指导，深入贯彻党的二十大和二十届历次全会精神，完整准确全面贯彻新发展理念，加快 构建新发展格局，着力推动高质量发展。这不仅为宏观经济发展指明了方向，也为资本市场发展指明了 前进的道路。长江期货认真学习领会中央经济工作会议精神，以服务实体经济发展为宗旨，聚焦主责主 业，做好各项工作的落实。 一、联动创新推动产业服务升级 结合内外部环境变化和中央经济工作会议要求，长江期货将持续提升交易对冲和主动风险管理能力，把 重点放在工具的场景应用和多业务联动的制度设计上，为产业企业的现货定价与服务竞争力提供助力。 我们将提前布局碳排放期货、天气衍生品等绿色期货品种，为能源新质生产力提供更多精准适配的期货 工具。随着产业客户需求的多元化，在内部管理上需要经纪业务、资管、风险子公司等多条线的联动响 应，长江期货将在内部管理上进行协同创新，进一步健全内部协同机制，提升经纪业务、场外期权业 务、期现业务团队的协同合力，共同开展面向 ...

Core Insights - The news highlights the progress and achievements in meteorological services during the "14th Five-Year Plan" period, emphasizing the integration of weather forecasting into various sectors to enhance disaster prevention, agricultural productivity, and public safety [1][2] Group 1: Disaster Prevention and Economic Impact - Local governments have established emergency response mechanisms based on meteorological warnings, integrating disaster prevention into grassroots systems [1] - Economic losses due to meteorological disasters have decreased by an average of 0.12 percentage points of GDP during the "14th Five-Year Plan" period [1] Group 2: Agricultural Support and Food Security - Meteorological services have contributed to an increase in grain production by 8.3 billion jin through timely warnings and agricultural measures [2] - Artificial rainfall and snow operations have added approximately 167.7 billion tons of precipitation, while hail prevention efforts have reduced economic losses by about 60.3 billion yuan [1] Group 3: Energy and Transportation - Meteorological services support the entire energy supply chain, aiding over 2,000 new energy stations in optimizing power generation from wind and solar resources [2] - A joint warning mechanism among meteorology, public security, and transportation departments has led to a 51% reduction in traffic accidents on optimized routes [2] Group 4: Public Services and Health - Detailed meteorological services cover over 50,000 tourist attractions, enhancing public awareness of weather conditions for leisure activities [2] - Health-related meteorological warning products for high temperatures and pollen allergies have gained popularity among the public [2] Group 5: Ecological Protection - Meteorological services are integrated into comprehensive ecological protection efforts, supporting projects aimed at combating desertification and managing key ecological engineering initiatives [2]

Core Insights - The article discusses the impact of natural disasters on apple production and the varying responses of different agricultural entities to mitigate risks [1][2] - It highlights the role of financial institutions in supporting agricultural disaster prevention and recovery efforts, emphasizing the need for tailored financial services [2][5] - The growth of agricultural insurance in China is noted, with a significant increase in premium scale and coverage, indicating a more robust risk management framework [3][4] Group 1: Agricultural Production and Risks - Apple production in certain regions faces risks from natural disasters such as hail and frost, which can significantly affect yield and quality [1] - Different agricultural entities have developed varying strategies to cope with these risks, influenced by their financial capabilities and awareness of insurance options [1][2] Group 2: Financial Support Mechanisms - Financial institutions are increasingly involved in disaster risk management for agriculture, providing loans and insurance products tailored to the needs of farmers [5][6] - The agricultural insurance premium in China is projected to reach 150 billion yuan in 2024, covering 147 million households and providing over 5 trillion yuan in risk protection [3] Group 3: Agricultural Insurance Development - Since the implementation of agricultural insurance premium subsidy policies in 2007, the insurance sector has seen rapid growth, with innovative products being introduced to stabilize crop income [3][4] - The introduction of agricultural catastrophe insurance has gained traction, with pilot programs in several provinces, indicating a growing recognition of its importance in risk management [4][9] Group 4: Optimization of Financial Services - The need for optimizing financial service mechanisms is emphasized, particularly in agricultural insurance, to ensure that compensation is accurate and timely [8][9] - There is a call for better integration of disaster response resources, including data sharing among financial and agricultural sectors, to enhance the efficiency of disaster risk management [10]

Core Insights - The China Securities Regulatory Commission (CSRC) has outlined seven key tasks for the second half of 2025, focusing on stabilizing expectations, mitigating risks, and promoting reforms in the capital market [1] - The futures market is transitioning from a traditional price discovery tool to a strategic supporter of national objectives, particularly in the context of high-quality economic development [1] Group 1: Futures Market Innovation - The core mission of the futures market is to support modern industrial systems and new production capabilities, particularly in emerging industries like new energy and materials [2] - The market aims to address price volatility of upstream raw materials and uncertainties in downstream demand by accelerating the introduction of new futures products, such as those for new energy metals and bio-based materials [2] - The "insurance + futures" model has already benefited over a million farmers, but there is a need to expand coverage to less developed regions and explore new financial support models [2] Group 2: Regulatory Framework and Market Stability - The current regulatory focus is on using technology and legal frameworks to strengthen risk management, particularly against issues like off-market financing and fraudulent trading [3] - The CSRC emphasizes a balanced approach to regulation, aiming to protect market integrity while fostering development [3] - The futures market's internationalization is seen as a strategic priority, with plans to increase foreign investment and enhance pricing power in global commodities [3] Group 3: High-Quality Development of the Futures Market - The futures market is expected to evolve from a trading platform to an integrated ecological system, requiring collaboration across various sectors to enhance research and development [4] - There is a push for systemic integration to facilitate the flow of capital and assets, encouraging long-term investments from pension and insurance funds into futures derivatives [4] - The market aims to transition from a follower to a leader in global commodity pricing, particularly in strategic resources like lithium and rare earths [5] Group 4: Supporting National Modernization - The CSRC's seven tasks reflect a commitment to building a strong financial nation and responding to national priorities, positioning the futures market as a stabilizer and signaler in the modern economy [6] - The futures market is expected to play a crucial role in supporting technological independence, ensuring food and energy security, and promoting green and low-carbon transitions [6]

Core Insights - Extreme weather events are increasingly impacting global commodity markets, with significant effects on supply and demand dynamics across various sectors [1][2][3] Group 1: Impact on Commodity Markets - The extreme heat in the Northern Hemisphere has led to record high temperatures in regions such as Spain, France, and Italy, while the Southern Hemisphere is experiencing unprecedented cold [1] - Extreme weather is identified as a key factor affecting global economic stability, with events like heatwaves and droughts posing significant threats to agricultural supply chains [2][3] - High temperatures are causing electricity shortages in certain areas, which may disrupt industrial production continuity [2][3] Group 2: Price Movements and Market Reactions - The coal, non-ferrous metals, and steel sectors in the A-share market have seen significant price increases, with indices rising by 7.22%, 10.75%, and 17.94% respectively since July [3] - In the futures market, coal and steel indices have surged by 38.47% and 2.56% respectively, reflecting strong demand driven by extreme weather conditions [3][4] - Agricultural markets are experiencing mixed effects, with high temperatures potentially leading to reduced yields for crops like corn and wheat, while also benefiting others like soybeans under certain conditions [3][4] Group 3: Risk Management Strategies - Investors are advised to diversify their portfolios to mitigate risks associated with extreme weather, particularly in sectors highly sensitive to climatic changes [6][7] - The use of weather derivatives, such as temperature index futures, is recommended for hedging against potential declines in agricultural yields and price increases in commodities [8] - The development of weather-related financial instruments in China is progressing, with new temperature indices being introduced to help manage weather risks in agriculture and other sectors [8]

Group 1: Inclusive Finance Development - Inclusive finance is a crucial pathway for achieving social equity and economic inclusiveness, with discussions at the 2025 Lujiazui Forum focusing on enhancing the balance and accessibility of inclusive financial services [1] - Experts emphasize the need for collaboration among different financial institutions to promote high-quality development of inclusive finance, with policy banks playing a leading role in supporting underdeveloped areas through medium to long-term loans [3][5] - The challenges of inclusive finance, such as information asymmetry and high costs, are being addressed through innovations like mobile payments and digital banking, which have significantly improved global coverage and convenience [5] Group 2: AI Empowerment in Finance - Artificial intelligence (AI) is a key topic at the forum, with discussions highlighting its dual role in providing opportunities and challenges for the financial industry [8][12] - AI technology is deeply integrated into core financial business scenarios, driving efficiency improvements, particularly in risk control and compliance [10][13] - Financial institutions are increasingly adopting AI for various applications, including algorithmic trading and intelligent investment advisory, reshaping traditional business logic [10][13] Group 3: Green Finance Collaboration - The forum also addresses the pressing need for green finance in light of escalating climate change issues, with discussions on enhancing international cooperation and improving the green finance service system [14][16] - Experts point out that global performance in green finance is below expectations, necessitating continued efforts to tackle climate change and promote sustainable development [16] - Recommendations include establishing a standard system, fostering product innovation, and enhancing collaboration to address the challenges faced by green finance [17][20]

Group 1: Financial Support for New Productive Forces - The 2025 Lujiazui Forum emphasized the need for a diversified financial service system to support the development of new productive forces [1][3] - By the end of Q1 2025, loans to technology-based SMEs in both domestic and foreign currencies increased by 24% year-on-year, indicating growing financial support for tech enterprises [3] - Several financial institutions announced plans to focus on supporting cutting-edge fields such as artificial intelligence and the digital economy [3][5] Group 2: Equity Investment Cluster in Shanghai - The Shanghai government is accelerating the establishment of an equity investment cluster to better serve technology innovation [5][7] - This cluster aims to integrate technology enterprises, industry funds, and service institutions to facilitate long-term capital investment in "hard technology" sectors [7][9] - The Shanghai Technology Investment Building has gathered nearly 20 funds and investment institutions, creating a diverse capital matrix to enhance project financing efficiency [9] Group 3: Inclusive Finance Development - The forum discussed enhancing the balance and accessibility of inclusive finance services [10][12] - Experts highlighted the need for different financial institutions to collaborate, with policy banks focusing on underdeveloped areas through long-term loans [12] - The rise of mobile payments and digital banking has significantly improved the coverage and convenience of global inclusive finance [14] Group 4: AI Empowering Financial Innovation - Artificial intelligence is seen as a key driver for efficiency innovation in the financial sector, with applications in risk control and compliance [16][18] - AI is reshaping traditional business logic in financial markets, leading to automation and intelligent upgrades in financial services [16] - There is a consensus on the need to balance innovation with risk management, including establishing AI regulatory frameworks [18] Group 5: Green Finance Ecosystem - The forum addressed the challenges facing green finance and the necessity for collaboration to enhance the green finance service system [19][21] - Experts emphasized the importance of developing standards and tools to internalize external costs related to climate change [23] - Recommendations included creating national standards for carbon reduction and expanding the variety of carbon financial products [25][27]

Core Insights - The article discusses the impact of natural disasters on apple production and the varying responses of different agricultural entities to mitigate risks associated with these disasters [1][2] - It highlights the role of financial institutions in supporting agricultural disaster prevention and recovery efforts, emphasizing the need for tailored financial services [2][5] - The growth of agricultural insurance in China is noted, with a significant increase in premium scale and coverage, indicating a more robust risk management framework [3][4] Group 1: Agricultural Production and Risks - Apple production in certain regions typically flowers in mid-March and is harvested by October, facing risks from natural disasters such as hail and frost [1] - Different agricultural entities have varying strategies for risk management, influenced by their financial capabilities and experiences with past disasters [2] Group 2: Financial Support and Agricultural Insurance - In 2024, China's agricultural insurance premium scale reached 150 billion yuan, covering 147 million households and providing risk protection exceeding 5 trillion yuan [3] - The introduction of innovative insurance products, such as cost insurance and income insurance, has contributed to a diversified agricultural insurance system [3][4] Group 3: Policy and Regulatory Framework - In 2015, regulatory bodies established unified guidelines for agricultural insurance to mitigate adverse selection and enhance the governance of natural disaster risks [4] - The development of agricultural catastrophe insurance has gained traction, with pilot programs in eight provinces, indicating a growing recognition of its importance [4][9] Group 4: Financial Mechanisms and Innovations - Banks have developed rapid response mechanisms for disaster recovery, simplifying loan processes to support agricultural entities post-disaster [5] - The emergence of weather derivatives as a financial product aims to assist in risk management for agriculture, utilizing authoritative meteorological data [6] Group 5: Integration of Resources and Data Sharing - The need for better integration of agricultural disaster resources and financial services is emphasized, with a focus on overcoming information silos among various sectors [10] - Encouraging data sharing among banks and insurance companies can enhance the efficiency of financial services provided to agricultural entities [10]