Core Viewpoint - The Shanghai Futures Exchange (SHFE) is focusing on promoting the listing of key products such as liquefied natural gas and corrugated paper, while also enhancing research and development in the electricity sector [1][2] Group 1: Theme Activities and Organizational Development - The SHFE has launched a theme activity titled "Striving for Excellence" to stimulate the internal motivation of its staff, aligning with the central government's directives [1] - The activities are designed to integrate the learning of the Central Eight Regulations with practical measures, encouraging staff to identify gaps and take initiative [1] - The "Zero Distance" cultural brand is utilized to enhance the cultural development within the organization, showcasing the dedication and practical approach of its employees [1] Group 2: Strategic Focus and Future Directions - The organization aims to maintain a high political stance and align with national strategic plans, focusing on serving the real economy and ensuring financial security [2] - Continuous improvement in professional capabilities and resilience is emphasized, with a commitment to integrating the "Four Actions" into daily operations [2] - Key product listings, particularly in liquefied natural gas and corrugated paper, are prioritized, alongside advancements in electricity product research and development [2] - The SHFE is committed to enhancing the effectiveness of technological supervision and deepening the integration of futures tools into the industrial chain [2] - There is a focus on fostering a positive work environment through employee development and organizational integration of party-building efforts [2]

Core Insights - The Shanghai Futures Exchange (SHFE) is actively promoting a cultural brand called "Zero Distance" to enhance its operational effectiveness and employee engagement [1][2] - The SHFE is focusing on aligning its activities with national strategic goals, particularly in supporting the real economy and maintaining financial security [2] Group 1 - The SHFE has launched a thematic activity titled "Benchmarking for Excellence," aimed at motivating employees and enhancing their capabilities through practical experiences and sharing [1] - The exchange's leadership emphasizes the importance of maintaining the positive momentum and work ethic developed during these activities [2] - The SHFE is committed to integrating its operations with national strategies, particularly in the areas of liquefied natural gas and corrugated paper, to enhance its market offerings [2] Group 2 - The exchange is focused on continuous improvement by embedding the "Four Actions" principle into daily operations to enhance professional skills and problem-solving capabilities [2] - There is a strong emphasis on organizational development, with initiatives aimed at fostering employee growth and creating a positive work environment [2] - The SHFE aims to deepen its integration with the industrial chain and enhance the international influence of "Shanghai Prices" through increased openness and innovation [2]

Group 1: Hot News - On May 23, 2025, the People's Bank of China will conduct 500 billion yuan of MLF operations with a 1-year term [2] - The chairman of China Financial Futures Exchange stated that the exchange is promoting financial futures to play dual functions of stabilizing and activating the market [2] - The chairman of Shanghai Futures Exchange said that the exchange will improve the product system and promote the R & D and listing of varieties such as cast aluminum alloy, liquefied natural gas, etc [2] - The number of initial jobless claims in the US for the week ending May 17 was 227,000, the lowest since the week of April 19 [2] - Iran vowed to make a "devastating response" to any stupid act of Israel [2] Group 2: Sector Performance - Key sectors to focus on are crude oil, soda ash, glass, gold, and manganese silicon [3] - Night - session performance: Non - metallic building materials rose 2.70%, precious metals rose 31.38%, oilseeds rose 11.78%, soft commodities rose 2.45%, non - ferrous metals rose 18.66%, coal, coke, steel and minerals rose 13.22%, energy rose 2.62%, chemicals rose 12.81%, grains rose 1.62%, and agricultural and sideline products rose 2.75% [3] Group 3: Sector Positions - The chart shows the changes in commodity futures sector positions in the past five days (from May 16 to May 22, 2025) [4] Group 4: Performance of Major Asset Classes - Equity: Shanghai Composite Index fell 0.22%, SSE 50 rose 0.19%, CSI 300 fell 0.06%, CSI 500 fell 0.95%, S&P 500 fell 0.04%, Hang Seng Index fell 1.19%, German DAX fell 0.51%, Nikkei 225 fell 0.84%, and UK FTSE 100 fell 0.54% [5] - Fixed - income: 10 - year Treasury bond futures rose 0.01%, 5 - year Treasury bond futures were flat, and 2 - year Treasury bond futures were flat [5] - Commodities: CRB commodity index fell 0.77%, WTI crude oil fell 1.25%, London spot gold fell 0.60%, LME copper fell 0.15%, and Wind commodity index rose 0.13% [5] - Others: US dollar index rose 0.34%, and CBOE volatility index was flat [5]