Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum highlighted the significant advancements in China's futures market, emphasizing its role in supporting the real economy and enhancing risk management capabilities amid external challenges [2][4]. Group 1: Market Development and Performance - The futures market in China has seen a notable increase in service capabilities, with 131 listed commodity futures and options, broadening its reach across various sectors of the national economy [2]. - The participation of industrial clients in the futures market has grown, with a 12.2% year-on-year increase in daily trading volume for industrial clients in 2024, and a continuous rise in the number of listed companies engaging in hedging for 11 consecutive years [2]. - The influence of futures prices has strengthened, with various hedging and trading strategies becoming integral to the operational management of spot enterprises [2]. Group 2: Future Directions and Regulatory Focus - The China Securities Regulatory Commission (CSRC) plans to enhance product offerings by promoting the listing of key energy futures like liquefied natural gas and expanding the futures and derivatives tool coverage [3]. - The CSRC aims to advance high-level market openness by increasing the range of futures and options available for qualified foreign investors, thereby improving their participation in the Chinese futures market [3]. - Efforts will be made to deepen market services, guiding leading enterprises to utilize the futures market effectively and supporting small and medium-sized enterprises in risk management [3]. Group 3: Regional and Institutional Support - The Henan Provincial Government is committed to fostering the development of the futures market through various policies, focusing on innovation and the integration of financial and industrial resources [4]. - Zhengzhou is positioning itself as a crucial hub for domestic and international commodity markets, aiming to enhance the international influence of "Zhengzhou prices" and support the global resource allocation [4]. - The Zhengzhou Commodity Exchange (ZCE) is dedicated to optimizing market supply and enhancing its functions to better serve the modernization of China and the construction of a financial powerhouse [5]. Group 4: Forum Highlights and Themes - The forum's theme, "Empowering the Real Economy to Assist National Strength Construction—Practical Opportunities for High-Quality Development of the Futures Market," reflects the focus on integrating futures market advancements with national economic strategies [6]. - Key speakers at the forum discussed topics such as the outlook for high-quality economic development in China and the evolution of the global derivatives market [6].

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum emphasizes the increasing importance of the futures market in managing risks amid global economic uncertainties, with a focus on enhancing service capabilities to support the real economy and national strategies [1]. Group 1: Regulatory and Development Initiatives - The China Securities Regulatory Commission (CSRC) plans to enhance product offerings by promoting the listing of important energy varieties like liquefied natural gas and improving the commodity index system to better meet market risk management needs [1][2]. - The CSRC aims to advance high-level opening of the futures market by implementing key measures for capital market openness by 2025, increasing the range of futures and options available for qualified foreign investors [1][2]. - The CSRC will deepen market services by improving industry service models and supporting small and medium enterprises in utilizing futures for risk management [2]. Group 2: Market Participation and Growth - The domestic futures market has seen a significant increase in participation, with a 12.2% year-on-year growth in daily trading volume from industrial clients in 2024, and over 2 billion tons of market scale represented by the positions of 48 major products [3]. - Zhengzhou Commodity Exchange has listed 47 products, providing a comprehensive toolset for risk management across various sectors, with significant participation from key industries [3]. - The futures prices of several products, such as cotton and urea, have become important references for national macroeconomic policy formulation [3]. Group 3: Internationalization and Collaboration - Zhengzhou Commodity Exchange has opened 26 futures and options products to qualified foreign investors, ranking second in the country for the number of open products, with nearly 170 QFI clients from 12 countries and regions [4]. - The exchange is actively working on international product development and aims to expand the range of tradable products for QFIs, including the overall opening of the polyester futures sector [4].

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum focused on the role of the futures market in supporting national development and enhancing new productivity, emphasizing the need for the market to contribute to the construction of a strong nation [1] Group 1: Key Initiatives and Focus Areas - The China Securities Regulatory Commission (CSRC) highlighted five key areas for the futures market's development, including enriching product supply, promoting high-level openness, enhancing market services, improving institutional capabilities, and strengthening research-driven development [2][3] - The CSRC aims to launch important energy products like liquefied natural gas and expand the range of futures and options available to qualified foreign investors [2][3] Group 2: Market Integration and Development - The futures market is increasingly integrated into national development strategies, with ongoing research and development of derivatives that meet the needs of the real economy, such as sunflower seed oil and steel products [4] - As of the end of last year, new futures products like polysilicon and casting aluminum alloy have been introduced, broadening the market's service capabilities [4] Group 3: Participation and Engagement - The Zhengzhou Commodity Exchange (ZCE) has listed 47 products, providing a comprehensive toolset for risk management across various industries, with significant participation from companies in sectors like cotton and urea [5] - In 2024, 1,503 A-share listed companies issued hedging announcements, with a participation rate of 28.6%, indicating a growing trend in risk management among listed companies [6] Group 4: International Cooperation and Openness - The ZCE has opened 26 futures and options products to qualified foreign investors, with nearly 170 QFI clients from 12 countries and regions, enhancing domestic and international market linkages [7] - The ZCE plans to deepen international product development and expand the range of tradable products for QFIs, aiming to enhance its global pricing influence [8]

Core Viewpoint - The article emphasizes the importance of the futures market in supporting China's economic development and enhancing risk management capabilities amid global uncertainties [2][4]. Group 1: Key Focus Areas of the Futures Market - The futures market is seen as a professional platform for market-based risk management, especially in the context of increasing global economic uncertainties [2]. - The China Securities Regulatory Commission (CSRC) aims to enhance the futures market's service capabilities to better support the real economy and national strategies [2][3]. Group 2: Five Key Initiatives for the Futures Market - Continuous enrichment of product supply, including the launch of important energy futures like liquefied natural gas [3]. - Promotion of high-level openness in the futures market, increasing the range of futures and options available to qualified foreign investors [3][6]. - Deepening market services to better support enterprises in risk management through futures [3]. - Enhancing the professional capabilities of industry institutions to provide tailored risk management tools for various enterprises [3]. - Strengthening research-driven development to improve the futures market's research capabilities and align with national strategies [3]. Group 3: Integration with National Development - The futures market is increasingly integrated into national development strategies, with ongoing research and development of derivatives that meet the needs of the real economy [4]. - The participation of industrial clients in the futures market has increased, with a reported 12.2% year-on-year growth in daily trading volume for industrial clients in 2024 [4][5]. Group 4: Expansion of Futures Products - Zhengzhou Commodity Exchange (ZCE) has listed 47 products, providing a comprehensive toolset for risk management across various industries [5]. - The participation rate of listed companies in hedging activities has significantly increased, with 1,503 companies publishing hedging announcements in 2024, a 15.7% year-on-year growth [5]. Group 5: Internationalization and Global Engagement - The ZCE has opened 26 futures and options products to qualified foreign investors, enhancing international market engagement [6][7]. - The exchange aims to expand its international product offerings and strengthen global pricing influence through cross-border cooperation [7].

新华财经郑州8月20日电（记者李丽静） 在8月20日召开的2025中国（郑州）国际期货论坛上，郑商所 党委书记、理事长熊军表示，将稳步推进葵花籽油期货研发注册，有序推动钢坯、水泥、鸡肉等品种研 发，探索推广更多短期期权。 截至目前，国内已上市商品期货和期权品种131个，2024年全市场产业客户日均成交量同比增长 12.2%，48个主要品种产业客户持仓量折合现货市场规模超2亿吨。 熊军称，郑商所目前已上市27个期货、20个期权品种，其中全球独有品种13个，品种数量居市场首位。 今年，郑商所充分发挥期货市场功能作用，上市丙烯期货及期权，推出国内首个商品短期期权—白糖系 列期权，联合国家气象信息中心发布郑商所气温指数，进一步丰富风险管理工具供给。 据熊军介绍，郑商所将持续丰富品种工具供给，稳步推进葵花籽油期货研发注册，有序推动钢坯、水 泥、鸡肉等品种研发，探索推广更多短期期权。结合自身在能化、盐化等领域的品种禀赋，围绕已有优 势产业链上下游、左右端扩展，持续丰富衍生品工具类型。 提升市场运行与服务质效，深化产业赋能。坚持"一品一策"优化已上市品种合约及业务规则，"一企一 策"开展市场培育活动，支持风险管理公司、大宗 ...

Core Viewpoint - The global economic landscape is undergoing significant adjustments, leading to increased trade uncertainties and commodity price volatility, particularly in the oilseed and oil industry, which is experiencing a critical restructuring of supply and demand [1][2] Group 1: Industry Role and Importance - China plays a crucial role in the global oilseed and oil trade, being the second-largest importer and the largest consumer of rapeseed oil and rapeseed meal, as well as the largest importer and consumer of peanuts [1] - The futures market is increasingly vital in supporting the stable operation of the industry amid changes in the global trade landscape [1] Group 2: Market Development and Strategy - The Zhengzhou Commodity Exchange (ZCE) has been enhancing its oilseed and oil product offerings since the launch of rapeseed oil futures in 2007, introducing various risk management tools such as futures and options for oilseed and oil products [2] - The ZCE is actively promoting the listing of sunflower seed oil futures to further improve the oilseed and oil sector, aiming to provide robust futures support for supply stability and price maintenance [2] Group 3: Open Cooperation and Market Connectivity - Currently, the ZCE has seven specific products open to foreign investment and 26 futures and options products available for qualified foreign investors, with significant participation from international grain merchants [2] - The ZCE emphasizes the importance of deepening open cooperation and market connectivity to enhance price influence in the oilseed and oil market [2] Group 4: Brand Development and Industry Support - The ZCE is committed to serving the real economy and promoting the integration of production and finance, exemplified by the successful expansion of the "insurance + futures" model in the Qingdao Huangdao District [2] - The evolving global trade landscape presents unprecedented challenges to the stability and competitiveness of the oilseed and oil industry chain, necessitating continuous enhancement of market functions and service quality [2]

Group 1 - The China Securities Regulatory Commission (CSRC) aims to enrich product supply in the futures market, including the listing of liquefied natural gas and other important energy varieties [1] - The Zhengzhou Commodity Exchange (ZCE) plans to steadily advance the research and registration of sunflower seed oil futures and explore the development of other products such as steel billets, cement, and chicken [1] - As of now, there are 131 listed commodity futures and options in China, with a daily average trading volume of industrial clients increasing by 12.2% year-on-year in 2024 [1] Group 2 - Tariff policies have become a key factor affecting global trade order, leading to significant fluctuations in commodity prices [2] - The futures market's service capabilities are continuously enhancing, with various forms of hedging, arbitrage, and rights trading being widely adopted [2] - The number of qualified foreign institutional investors participating in domestic futures and options has expanded to 91, with ongoing efforts to increase the range of tradable products [2]

Core Viewpoint - The Zhengzhou Commodity Exchange (ZCE) is committed to advancing the research and registration of sunflower seed oil futures, while also promoting the development of futures for steel billets, cement, and chicken, and exploring the introduction of more short-term options [1] Group 1 - The ZCE plans to enhance its derivative tools by leveraging its strengths in energy and salt chemical sectors, focusing on the entire industrial chain to meet the needs of the real economy [1] - The exchange will implement tailored strategies for individual products and enterprises to optimize existing contracts and business rules, thereby increasing participation from industrial clients [1] - Initiatives such as "insurance + futures" and "sugar industry worry-free" projects will be advanced, along with improvements to the "commercial storage worry-free" business model [1] Group 2 - The ZCE aims to deepen the development of international products, including the implementation of bonded delivery for PTA, and plans to expand the range of tradable products under QFI [1] - The exchange seeks to achieve overall openness of the polyester futures sector and explore new cross-border cooperation opportunities, steadily promoting collaboration with overseas futures exchanges [1]

Group 1 - The 2025 China (Zhengzhou) International Futures Forum was held in Zhengzhou, organized by Zhengzhou Commodity Exchange (ZCE) and Chicago Mercantile Exchange Group [1] - ZCE Chairman Xiong Jun emphasized the continuous enrichment of product tools and the solidification of service foundations, focusing on national strategies and real economic development needs [1] - ZCE plans to steadily advance the research and registration of sunflower seed oil futures, orderly promote the development of steel billets, cement, and chicken futures, and explore more short-term options [1] Group 2 - ZCE aims to enhance market operation and service quality, implementing tailored strategies for listed products and individual enterprises to support risk management companies and commodity traders [1] - The exchange is promoting projects like "Insurance + Futures" and "Sugar Industry Worry-Free," optimizing the "Commercial Storage Worry-Free" business model to create more influential brand offerings [1] - ZCE is steadily expanding high-level openness and accelerating the construction of a world-class exchange, aligning with high-quality development goals and implementing the "14th Five-Year" strategic plan [2]