Core Insights - The event marked the 30th anniversary of Zhejiang Merchants Futures, focusing on the integration of digital finance and the real economy, showcasing the FutSeek model and sharing the 2026 market outlook and investment strategies [1][9] Group 1: Company Achievements - Zhejiang Merchants Futures has established a robust research system that combines macroeconomic analysis with industry chain and commodity research, enhancing the practical value of research outcomes [2] - The company has developed a streamlined and intelligent hedging process to support the real economy, making hedging services more accessible and user-friendly [2] - The digital financial service system, centered around the FutSeek model, connects various business scenarios and includes products like "Hui," "Fang," and "Bao," covering industry research, trading execution, and risk management [4] Group 2: Technological Innovations - The FutSeek model, developed by Zhejiang Merchants Futures, integrates AI capabilities into core scenarios of the futures industry, enhancing risk management, investment research, and customer service [3][6] - The "Qizhi Hui" intelligent investment research platform and the "Huo Lifang" commodity basis trade management platform have received significant awards, indicating the company's advancements in financial technology [4] - The "Yuan You Xiao Meng Bao" tool aims to optimize refinery profits and provide real-time market insights, addressing challenges in the refining industry [5] Group 3: Market Strategies - The research team presented macroeconomic analyses and strategic recommendations for 2026, addressing key issues such as economic transition, anti-involution, and the decline of U.S. credit [9] - The event served as a milestone for promoting digital transformation in the futures industry and enhancing the quality of services to the real economy [9]

Core Insights - The event held by Zhejiang Merchants Futures on December 27 marked the 30th anniversary of the company, focusing on the integration of digital finance and the real economy, showcasing the proprietary FutSeek model as a core component of its digital financial service system [1][2] Group 1: Company Development and Achievements - Zhejiang Merchants Futures has summarized its 30 years of development into three core exploration achievements: the importance of research as a core competitive advantage, the establishment of a streamlined hedging system, and the initiation of intelligent futures innovation services [2] - The company has built a comprehensive research system that combines macroeconomic logic with industry chain and commodity research, creating a dual-track analysis system that enhances the practical value of research outcomes [2] - The hedging system has been transformed into a process-oriented and intelligent operation, providing full-process professional service support to enterprises, making hedging simpler and more effective [2] Group 2: AI Integration and Digital Financial Services - The integration of AI into the futures industry is seen as a significant advancement, with the FutSeek model developed based on the Qwen large model, embedding AI capabilities into core scenarios of the futures industry [3] - The digital financial service system, centered around the FutSeek model, connects various business operations and scenarios, forming a comprehensive digital service ecosystem covering industry research, trading execution, and risk management [3] - The intelligent research platform "Qizhi Hui" has won the second prize in the Financial Technology Development Award from the People's Bank of China for two consecutive years, while the bulk basis trade management platform "Huo Lifang" received the first prize, indicating the company's progress in enhancing industry service efficiency through digital finance [3]

Core Insights - The People's Bank of China announced the winners of the 2024 Financial Technology Development Awards, with Zheshang Securities winning three significant awards for its innovations in digital finance [1] - Zheshang Futures, a subsidiary of Zheshang Securities, won first prize for its "Huo Lifang" platform, marking the first time a futures company has received this top honor [1][2] - The awards reflect Zheshang Securities' commitment to advancing digital finance and supporting the central government's financial initiatives [1][6] Group 1: Huo Lifang Platform - The "Huo Lifang" platform addresses key pain points in bulk commodity basis trading, such as rigid pricing mechanisms and long settlement cycles [2] - It features a closed-loop operational system centered on a data flow engine that integrates AI, enhancing the efficiency of commodity trading processes [2][3] - The platform has managed a business scale exceeding 10 billion yuan, demonstrating its alignment with the needs of the real economy and supporting inclusive finance [3][6] Group 2: Educational and Informational Innovations - Zheshang Securities also received awards for its two projects: a new generation investment education platform and a content recommendation platform, showcasing its diverse digital finance applications [4][5] - The investment education platform utilizes AI to create an interactive learning environment, transforming traditional education methods into engaging experiences [4] - The content recommendation platform employs an intelligent engine to provide personalized financial information, enhancing customer service and operational efficiency [5] Group 3: Strategic Implications - The awards signify Zheshang Securities' long-term commitment to a technology-driven strategy, positioning digitalization as a core focus [6] - The development of the "Huo Lifang" platform exemplifies the company's approach to identifying and addressing industry pain points through innovative solutions [6][7] - Future plans include expanding the platform's services to cover more commodity production and trading enterprises, particularly supporting small and medium-sized enterprises [7]

Core Insights - Zhejiang Securities won three significant awards at the 2024 Financial Technology Development Awards, highlighting its deep innovation and excellence in digital finance [1][6] - The "Huo Lifang" platform, developed by Zhejiang Futures, won the first prize, marking a milestone in the digitalization of the futures industry [1][2] Group 1: Award Achievements - Zhejiang Securities' "Huo Lifang" platform is the first and only project in the futures sector to win the top award since the inception of the Financial Technology Development Awards [1] - The company also received two third-place awards for its new generation of investment education platform and content recommendation platform, showcasing its diverse capabilities in digital finance [1][4] Group 2: "Huo Lifang" Platform Features - The "Huo Lifang" platform addresses core pain points in bulk commodity basis trading, such as rigid pricing mechanisms and lengthy settlement cycles [2] - It features an integrated data flow engine that enhances operational efficiency through smart pricing, real-time settlement, and comprehensive tracking of ownership rights [2][3] Group 3: Strategic Vision - The awards reflect Zhejiang Securities' commitment to a "technology empowerment" strategy, positioning digitalization as a core focus [6] - The company aims to enhance its service offerings to more bulk commodity enterprises, particularly small and medium-sized enterprises, to improve risk management and operational efficiency [7][8] Group 4: Future Outlook - Zhejiang Securities plans to integrate resources across its financial segments to create a comprehensive service ecosystem that supports the entire lifecycle of enterprises [8] - The company is committed to leveraging its technological innovations to contribute to the construction of a financial powerhouse and support high-quality development in the real economy [8]

Core Insights - The People's Bank of China announced the winners of the 2024 Financial Technology Development Award, with the "Huo Lifang" platform developed by Zheshang Futures and Zhejiang Qi Industry winning the first prize for its outstanding technological innovation and service effectiveness [1][3]. Group 1: Award Significance - The award is a prestigious recognition in China's financial technology sector, covering banks, securities, futures, and insurance [3]. - "Huo Lifang" is the first project from a futures company to win the first prize, highlighting the industry's recognition of its benchmark status in integrated futures management and digital risk control [3]. Group 2: Platform Features - "Huo Lifang" addresses pain points in traditional ERP systems, such as dynamic pricing difficulties, delayed settlements, unclear ownership, and fragmented risk control, by utilizing a data flow engine that integrates batch and AI [4]. - The platform includes various intelligent pricing models to adapt to complex trade scenarios, breaking the rigidity of traditional contracts [4]. - The settlement engine integrates data from spot prices, futures prices, and other factors to generate real-time settlement prices and amounts, eliminating delays [4]. - A dual-layer AI game model quantifies market volatility and performance risks, transitioning enterprises from passive compliance to proactive defense [4]. - The platform manages ownership through comprehensive tracking of key statuses and dynamic inventory value calculations, reducing operational risks [4]. Group 3: Impact and Future Plans - Since its launch, "Huo Lifang" has managed over 10 billion yuan in business scale [5]. - The award is seen as recognition of the role of futures technology in empowering the real economy and a motivation for continuous innovation [5]. - Zheshang Futures plans to leverage the award to expand the platform's service boundaries, supporting the digital transformation of commodity production and trading enterprises [5][6].

Core Insights - The People's Bank of China announced the winners of the 2024 Financial Technology Development Award, with the "Huo Lifang" platform developed by Zheshang Futures and Zhqi Industry winning the first prize for its technological innovation and service effectiveness [1] Group 1: Award Recognition - "Huo Lifang" is the first project from a futures company to win the first prize, highlighting the industry's recognition of its benchmark status in integrated spot and futures management and digital risk control [1] - The award is a significant acknowledgment in the financial technology sector, covering banks, securities, futures, and insurance [1] Group 2: Platform Features - The platform addresses pain points in traditional ERP systems, such as dynamic pricing difficulties, delayed settlements, unclear ownership, and fragmented risk control, by utilizing a data flow engine integrated with AI [2] - It features various intelligent pricing models suitable for complex trade scenarios, a settlement engine that generates real-time pricing and amounts, and a dual-layer AI model for precise market volatility and performance risk quantification [2] - The platform also manages ownership through comprehensive tracking of key statuses and dynamic inventory value calculations, significantly reducing operational risks [2] Group 3: Impact and Future Plans - Since its launch, "Huo Lifang" has managed over 10 billion yuan in business scale, demonstrating its effectiveness in empowering the real economy through futures technology [3] - The company plans to leverage the award to expand the platform's service boundaries, supporting the digital transformation of the bulk commodity trade market [3] - Continuous optimization of risk control models and the integration of technology, finance, and industry are aimed at enhancing the stability of supply chains and writing a new chapter in the digitalization of bulk commodity trade [3]

Core Viewpoint - The futures industry is undergoing regulatory changes aimed at enhancing quality and compliance, shifting from quantity-driven growth to a focus on high-quality development and diversified services [2][4][5]. Group 1: Regulatory Changes and Industry Direction - The new regulations emphasize compliance and risk management, encouraging futures companies to create a positive industry atmosphere and enhance their service capabilities to support the real economy [2][4]. - The industry is transitioning from a marketing-oriented approach to a service-oriented model, with companies encouraged to establish compliance frameworks and improve their operational management [3][4]. Group 2: Company Strategies and Innovations - Companies like Nanhua Futures are focusing on a diversified business model that includes futures brokerage, risk management, wealth management, and overseas financial services to provide comprehensive risk management solutions [2]. - Newhu Futures is restructuring its business into four layers: intermediary, tool, trading service, and trading investment, aiming to enhance service quality and client engagement [3]. - Green Dahu Futures plans to implement a multi-faceted strategy that includes business diversification, customer diversification, and a focus on regional and functional capabilities to meet national strategic goals [4]. - Zhejiang Merchants Futures is leveraging digital innovation to improve service quality, developing platforms to address the pain points of small and medium-sized enterprises in pricing, inventory, and financing [5][6].

Core Viewpoint - The "Huo Lifang" platform developed by Zhejiang Merchants Futures has achieved full online integration of spot and futures business processes, addressing key industry pain points and marking a significant breakthrough in the management of the commodity supply chain [1][2]. Group 1: Platform Features - "Huo Lifang" is the first self-developed integrated management system for spot and futures business in the futures industry, featuring three main functional modules: lifecycle management for the spot side, an intelligent settlement center for the futures side, and a multi-template risk control system [2]. - The platform enhances operational efficiency, reduces costs, and optimizes customer experience by creating a closed-loop operation covering the entire supply chain of commodities [2]. - It utilizes a new generation of streaming processing system that integrates AI, allowing for real-time settlement and multi-dimensional risk control capabilities [1][2]. Group 2: Market Impact - Currently, "Huo Lifang" manages approximately 22 billion yuan in risk business and is expected to serve thousands of commodity-related enterprises, with a market scale exceeding one trillion yuan [3]. - The platform aims to provide a one-stop digital management solution covering the entire lifecycle of goods, helping enterprises tackle challenges and unlock management value from the integration of spot and futures [3]. - Future plans include deepening collaboration with futures risk subsidiaries, commodity trading companies, and supply chain service providers, leveraging the advantages of Zhejiang's commodity industry cluster to build a transparent and efficient market ecosystem [3].

Core Insights - The "Huo Lifang" platform developed by Zhejiang Merchants Futures has achieved full online operation for spot and futures business, addressing key industry pain points such as unclear ownership, delayed settlement, and fragmented risk control [1][2] - The platform represents a significant breakthrough in providing comprehensive management for the commodity industry, integrating technology, industry, and finance [1] Group 1: Platform Features - "Huo Lifang" is the first self-developed integrated management system for spot and futures business in the futures industry, featuring three main functional modules: full lifecycle management for the spot side, an intelligent settlement center for the futures side, and a multi-template risk control system [2] - The platform enhances operational efficiency, reduces costs, and optimizes customer experience by managing key aspects such as customer management, contract management, inventory management, and payment processes [2] Group 2: Market Impact - The platform currently manages approximately 22 billion yuan in risk business and aims to serve over 10,000 commodity-related enterprises, with a market scale exceeding one trillion yuan [3] - "Huo Lifang" is designed to standardize, clarify, and digitize the basis trade in commodities, providing robust and efficient trade infrastructure for real enterprises [3] Group 3: Future Outlook - Zhejiang Merchants Futures plans to deepen collaboration with futures risk subsidiaries, commodity trading companies, and supply chain service providers, leveraging the advantages of Zhejiang's commodity industry cluster [3] - The company aims to contribute to the construction of a unified national market by building a standardized, transparent, efficient, and trustworthy commodity market ecosystem [3]