Core Viewpoint - The interaction between enterprises and the financial system is undergoing profound changes due to global economic integration and accelerated financial innovation, necessitating higher standards for the accounting treatment of financial instruments [1] Group 1: Financial Instrument Accounting Standards - The revision of the Accounting Standards for Financial Instruments (No. 22) by the Ministry of Finance in April 2017 marked a new phase in China's financial instrument accounting standards, addressing the needs of multi-level capital market construction and financial innovation [2] - The revised standards established key principles such as the "expected credit loss method," providing a framework for the accounting treatment of financial instruments [2] - The standards require enterprises to classify financial assets based on the characteristics of contractual cash flows, which is applicable to determining the financial attributes of warehouse receipt transactions [2] Group 2: Implementation and Case Guidance - The release of the revised "Case Analysis of Listed Companies Executing Accounting Standards" in March 2024 included specific cases focusing on standard warehouse receipt transactions, clarifying the accounting treatment based on the essence of the business [3] - The Ministry of Finance's Accounting Department issued implementation Q&A on July 8, 2025, clarifying that enterprises frequently trading standard warehouse receipt contracts for profit without taking physical goods should treat these contracts as financial instruments [3] Group 3: Regulatory Impact and Industry Response - The new requirements have sparked discussions among industry professionals, highlighting the significance of integrating frequent warehouse receipt trading into the regulatory framework for financial instruments [4] - The regulations unify accounting treatment standards for both futures and spot markets, enhancing the quality of information disclosure [4] - The regulatory framework aims to maintain the stability of accounting standards while adapting to market innovations, enabling enterprises to improve risk management and enhance market trust [4]

（编辑 张钰鹏） 本报讯 （记者吴奕萱）为深入贯彻落实新"国九条"及资本市场做好金融"五篇大文章"等"1+N"政策体系，持续发挥资本市 场枢纽功能，更好服务民营经济发展，6月17日下午，正值《中华人民共和国民营经济促进法》颁布实施即将满月之际，宁波 市证券期货业协会举办"资本市场服务宁波民营经济高质量发展"主题采访活动。11家行业机构、8家民营企业代表参加活动。 兴业期货有限公司、浙商期货有限公司（以下简称"浙商期货"）、国海良时期货有限公司、国泰君安期货有限公司、申银 万国期货有限公司等期货经营机构代表在活动现场介绍了服务宁波民营企业风险管理情况，分享了支持企业运用期货及衍生品 工具规避风险的典型案例。 通过交流发现，现阶段，民营企业尤其是中小微企业在运用期货工具时，仍然面临着诸多困难。例如企业专业性缺乏、风 险管理意识薄弱；内部制度不完善；策略执行偏差导致套保效果削弱；期现品质割裂等问题。 对此，各家期货经营机构代表提出了深化投资者教育与培训、推动企业完善风险管理体系建设等建议。浙商期货宁波分公 司代表在现场表示，希望在当地政府的协调下，金融行业协会、现货产业协会、各类产业研究所能够多汇聚一起，针对宁波当 ...