Core Viewpoint - The construction of a national unified market is a strategic deployment by the Central Committee of the Communist Party of China, aimed at breaking through the challenges posed by globalization and enhancing the socialist market economy [1] Group 1: Role of Futures Market - The futures market serves as a core component of the modern financial system, facilitating price discovery, risk management, and resource allocation, which are essential for the construction of a national unified market [1] - The futures market can provide pricing benchmarks for major commodities, helping to eliminate regional barriers and create a unified market expectation [2][3] - The authority of futures prices can guide resource flow to more efficient regions, enhancing the national production and circulation network [2] Group 2: Enhancing Market Resilience - The futures market offers risk management tools that stabilize industrial chains and enhance market resilience, allowing companies to hedge against price fluctuations [4] - Companies can lock in costs and revenues through futures contracts, ensuring supply chain stability and reducing regional shortages or surpluses [4] - The application of futures tools fosters collaboration among upstream and downstream enterprises, improving overall efficiency in the industrial chain [5] Group 3: Optimizing Resource Allocation - The futures market guides the flow of capital, technology, and data to high-value sectors, promoting a transition from low-level expansion to high-quality development [6] - The market's investment attractiveness directs social capital towards efficient industries, reducing resource misallocation [6] - The integration of standardization and digital transformation in the futures market supports the construction of a national unified market [6] Group 4: Institutional Innovation - The development of the futures market must align with the institutional design of the national unified market, providing a model for market governance [7] - The standardization of futures market practices can accelerate the integration of market rules nationwide, reducing local protectionism [7] - The futures market is becoming a testing ground for aligning domestic and international regulatory frameworks, facilitating the integration of global value chains [7] Group 5: Future Directions - The futures market can further enhance its role in the national unified market by developing strategic product systems and promoting innovative futures products [10] - The "insurance + futures" model can bridge the gap between urban and rural market participation, enhancing the resilience of small farmers [11] - Strengthening cross-regional regulatory collaboration and establishing a unified risk prevention network are essential for market stability [12] - Promoting the dual opening of the futures market and aligning with international rules can enhance the global influence of Chinese pricing [12]