Core Insights - The event aimed to enhance the business capabilities of futures practitioners and promote high-quality development in the futures industry in Zhejiang [1] - The introduction of monthly average price futures contracts by Dalian Commodity Exchange (DCE) is seen as a significant innovation to better serve the industry [2] - The demand for risk management and innovative products among institutional clients is increasing, necessitating a transformation in service models by futures companies [3] Group 1: Event Overview - The DCE-supported seminar titled "Focusing on Industry Needs, Empowering High-Quality Development of the Futures Market" was held in Hangzhou, attended by over 160 participants from futures companies, risk management subsidiaries, and related enterprises [1] - Key discussions included the operational status of the Zhejiang futures market, the application of chemical monthly average price futures and options, and the development and service of institutional and industrial clients [1] Group 2: Innovations in Futures Products - DCE launched three monthly average price futures contracts in October, which are designed to provide a smoother price curve and reduce the impact of sudden market fluctuations [2] - Monthly average price futures are more suitable for hedgers and long-term investors, as they align better with trading habits and risk management needs of buyers and sellers [2] Group 3: Institutional Client Development - The demand from institutional clients for risk management, asset allocation, cross-border investment, and innovative products is on the rise, prompting futures companies to innovate their service offerings [3] - The domestic futures industry is entering a new era where the participation of industrial clients is significantly increasing due to external market factors, creating opportunities for futures companies to enhance their service capabilities and innovate products [3]