广期所党委委员、副总经理 李慕春 证券时报记者 许孝如 据了解，目前广期所已上市的3个品种均引入了合格境外机构投资者，广期所已与10余家境外交易所建 立常态化沟通机制。 近日，在第二十届中国经济论坛平行论坛——2025大湾区科技与金融创新发展大会上，广州期货交易所 党委委员、副总经理李慕春发表主题演讲，详细介绍了广期所的成立背景、产品体系建设以及服务绿色 低碳发展的最新进展。 李慕春表示，作为我国首家以服务绿色发展为特色定位的期货交易所，广期所近年来围绕新能源产业链 加速布局，已构建起涵盖工业硅、碳酸锂、多晶硅等多个关键品种的期货体系，市场功能显著提升，价 格影响力持续增强。 为助力绿色低碳转型，广期所近年来已陆续推出工业硅、碳酸锂、多晶硅期货和期权。"基本上做到一 年一个品种。"李慕春表示，其中，工业硅与多晶硅是光伏产业链的核心原材料，碳酸锂是新能源汽车 与锂电池产业链的关键原材料。 截至目前，这三大品种运行平稳，成交量和持仓量稳步增长，市场规模不断扩大。数据显示，工业硅、 碳酸锂、多晶硅日均成交量均在30万手以上，法人客户持仓占比达60%，产业参与度显著提升。 值得注意的是，李慕春也在会上宣布，铂、钯期货 ...

值得注意的是，李慕春也在会上宣布，铂、钯期货与期权已获证监会批准注册，将于11月27日正式上市 交易。铂、钯是汽车尾气治理等绿色产业的重要原料，同时也是风电及氢能等新能源领域的关键原料之 一，我国约60%的铂和近80%的钯用于汽车尾气催化剂等相关生产，市场需求稳定、价格敏感度高， 铂、钯产业的健康平稳发展对于促进绿色发展意义重大。 李慕春指出，新能源产业链原材料价格波动巨大，在期货品种上市前曾出现碳酸锂价格升至60万元/ 吨、工业硅涨至6万元/吨的极端情况，"期货上市后，行业价格明显趋稳，期货价格与现货高度相关， 为企业生产经营提供了稳定的远期价格参考。"其中，工业硅、碳酸锂期现价格相关性达到0.99，多晶 硅期现价格相关性达0.94。 值得注意的是，广期所品种的国际影响力稳步提升，尤其是碳酸锂期货。 广期所党委委员、副总经理李慕春 近日，在第二十届中国经济论坛平行论坛——2025大湾区科技与金融创新发展大会上，广州期货交易所 党委委员、副总经理李慕春发表主题演讲，详细介绍了广期所的成立背景、产品体系建设以及服务绿色 低碳发展的最新进展。 李慕春表示，作为我国首家以服务绿色发展为特色定位的期货交易所，广期所近 ...

Core Insights - The 2025 Sustainable Global Leaders Conference is being held from October 16 to 18 in Shanghai, focusing on sustainable development and green industries [1] - The Guangzhou Futures Exchange (GFEX) is prominently featured at the conference, showcasing its "New Energy Metals Futures Sector" [1][3] Group 1: Guangzhou Futures Exchange Overview - GFEX was established on April 19, 2021, and has developed four main categories of products focusing on green development, commodity indices, the Guangdong-Hong Kong-Macao Greater Bay Area, and international cooperation [3] - The exchange has launched futures and options for industrial silicon, lithium carbonate, and polysilicon, creating a preliminary framework for the new energy metals futures sector [4] Group 2: Market Impact and Innovations - The introduction of lithium carbonate futures has transformed the pricing model for lithium ore, shifting from historical price references to market-driven pricing, significantly reducing import costs for production companies [4] - GFEX has received accolades for its contracts, including the "Annual New Contract" award for lithium futures and options at the "2023 Annual Asian Capital Market Awards" [4] Group 3: Initiatives for Industry Support - GFEX has implemented five key measures to enhance market efficiency and support the new energy sector, including optimizing contracts, improving trading instructions, and reducing costs for industry clients [5] - The exchange has waived over 165 million yuan in fees for more than 800 enterprises, lowering transaction costs for industry participants [5] - GFEX launched the "Green Transition Support" initiative in September 2024, focusing on building industry bases, providing targeted training, and promoting typical cases of futures services for green development [5] Group 4: Conference Highlights - The new energy metals futures sector has garnered significant attention from conference attendees, highlighting GFEX's role in enhancing domestic pricing influence and providing effective risk management tools for the green transition [5] - The conference is co-hosted by the World Green Design Organization and Sina Group, with support from the Shanghai Huangpu District Government [6]

Core Viewpoint - The event "2025 Futures Empowering Green Financial Development" highlighted the role of futures markets in supporting green transformation and addressing market changes faced by physical enterprises [1] Group 1: Achievements of Guangxi Futures Exchange - Guangxi Futures Exchange has developed a product plan featuring 16 products across four categories, focusing on green development and international cooperation [2] - Futures and options for industrial silicon, lithium carbonate, and polysilicon have been launched, establishing a preliminary structure for the new energy metal futures market [2] - The exchange showcased physical samples of industrial silicon, lithium carbonate, and polysilicon to enhance investor understanding of the listed products and their related industrial chains [2] Group 2: Market Performance and Participation - Industrial silicon futures and options have an average daily trading volume of 318,600 contracts, with a cumulative trading volume exceeding 8.5 trillion yuan, and institutional holding ratio at 65.1% [3] - Lithium carbonate futures and options have an average daily trading volume of 337,000 contracts, with a cumulative trading volume surpassing 1.15 trillion yuan, and institutional trading volume accounting for 68.2% [3] - Polysilicon futures and options, launched at the end of 2024, show strong activity with an average daily trading volume of 133,100 contracts [3] Group 3: Industry Services and Support - The "Green to New" industry service plan has established 12 pilot industry bases and provided one-on-one training for 25 companies, benefiting nearly 60 enterprises [3] - The exchange has implemented measures such as optimizing futures contract rules and reducing fees, resulting in over 120 million yuan in fee reductions for industry clients by May this year [3] Group 4: Futures Market Impact on the Economy - The futures market has demonstrated its value in risk management, allowing industrial silicon producers to maintain production during price declines [4] - Lithium carbonate trading companies have reduced procurement costs by over 15% by using futures prices as reference points [4] Group 5: Empowering New Energy Enterprises - The event featured discussions on how new energy companies can leverage futures tools to enhance their operations, with insights shared by industry experts [5] - The listing of industrial silicon and polysilicon futures has improved market liquidity and provided diverse hedging tools for upstream companies [5] - The carbon carbonate futures have significantly altered pricing and trading models in the lithium battery industry, enabling companies to survive during capacity clearing cycles [5] Group 6: Innovative Trading Models - The integration of options into spot contracts has created a new trading model that effectively lowers the barriers for small and medium enterprises to participate in derivatives trading [6]

Core Insights - The article discusses the initiatives taken by the Guangxi Futures Exchange (广期所) to promote green finance through futures and options in the renewable energy sector, highlighting the launch of various products and their market performance [1][3]. Group 1: Product Development and Market Performance - Guangxi Futures Exchange has launched futures and options for industrial silicon, lithium carbonate, and polysilicon, establishing a preliminary framework for a renewable metal futures market [1]. - The main contract for polysilicon futures (PS2508) increased by 4.55% to 33,535 yuan/ton on June 30 [1]. - Daily trading volume for industrial silicon futures and options averages 318,600 contracts, with a cumulative transaction value exceeding 8.5 trillion yuan, indicating significant participation from industrial clients [3]. - Lithium carbonate futures and options have a daily trading volume of 337,000 contracts, with a cumulative transaction value surpassing 11.5 trillion yuan, showing a dominant presence of institutional clients [3]. - Polysilicon futures, launched at the end of 2024, have shown strong activity with an average daily trading volume of 133,100 contracts [3]. Group 2: Industry Support and Initiatives - The "Green Towards New" industry service plan launched in September 2024 has established 12 pilot industry bases, aimed at supporting the green transition [3]. - Guangxi Futures Exchange has implemented measures such as optimizing futures contract rules and tax reductions, resulting in over 120 million yuan in fee reductions for industrial clients by May 2025 [3]. - The exchange aims to enhance its product offerings by accelerating the development of new products like platinum, palladium, and lithium hydroxide [3]. Group 3: Risk Management and Market Dynamics - The introduction of industrial silicon and polysilicon futures has provided liquidity to the market, smoothing volatility and offering various hedging tools for upstream companies [5]. - The listing of lithium carbonate futures has significantly altered pricing and trading models in the lithium battery industry, with traders now commonly referencing futures prices for transactions [5]. - The industry is increasingly adopting a "futures price + basis" pricing model, moving away from traditional absolute price trading [5].

Group 1 - The average daily trading volume of industrial silicon futures and options is 318,600 contracts, with a cumulative transaction value exceeding 8.5 trillion yuan, and institutional holding accounts for 65.1% [1] - The average daily trading volume of lithium carbonate futures and options is 337,000 contracts, with a cumulative transaction value surpassing 11.5 trillion yuan, and institutional trading volume accounts for 68.2% [1] - The average daily trading volume of polysilicon futures and options, which just launched at the end of 2024, is 133,100 contracts, indicating strong market activity [1] Group 2 - The Guangxi Futures Exchange has established a preliminary structure for the new energy metal futures sector, with industrial silicon, lithium carbonate, and polysilicon futures and options currently operational [1] - The Guangxi Futures Exchange plans to enhance its product system by developing new products such as platinum, palladium, and lithium hydroxide, aiming to better serve the risk management needs of the real economy during the low-carbon transition [1] - Platinum prices have shown a significant upward trend, reaching $1,392 per ounce in May, the highest since 2014, with a year-to-date increase surpassing that of gold [2]