Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum emphasized the importance of empowering the real economy and supporting national development through high-level opening of the futures market [1] Group 1: Market Development and Strategy - The Zhengzhou Commodity Exchange (ZCE) aims to continuously optimize market supply and align with national strategies to promote the listing of new products [1][2] - Significant achievements in the futures market this year include the launch of propylene futures and options, as well as the introduction of the first domestic short-term options for sugar [2] - The ZCE plans to enhance the range of tradable products for Qualified Foreign Institutional Investors (QFI) and deepen cooperation with international institutions to improve its global influence [2][3] Group 2: Future Plans and Goals - The ZCE's main goals include steadily expanding high-level openness and building a world-class exchange, with a focus on international product development and cross-border cooperation [3] - The China Securities Regulatory Commission (CSRC) will continue to enrich product supply and promote high-level opening of the futures market [3] Group 3: Challenges and Recommendations for Futures Companies - The need for futures companies to enhance their international competitiveness is highlighted, with a focus on improving capital strength, talent quality, and comprehensive financial service capabilities [4] - Current challenges for futures companies include single revenue streams, low-level competition, and a lack of professional skills and service capabilities [4] - Recommendations for supporting the innovation and development of futures companies include improving functional positioning, enhancing business supervision, and expanding capital channels [4] Group 4: Internationalization and Differentiation - Differentiation is key for futures companies in the internationalization process, with a focus on leveraging unique strengths to build core competitiveness [5] - Challenges faced by futures companies in international business include insufficient technical adaptation, talent shortages, and a lack of deep understanding of compliance culture [5]

Core Viewpoint - Zhengzhou Commodity Exchange (ZCE) emphasizes its commitment to serving the real economy and enhancing its own high-quality development to support national construction [1][2]. Group 1: Product and Service Expansion - ZCE has continuously expanded its product offerings, currently listing 27 futures and 20 options, with 13 unique global products, leading the market in product variety [1]. - The options market has achieved significant milestones, being the first to cover all active products and to launch a series of sugar options, maintaining the largest trading position in the domestic market [1]. Group 2: Support for National Development - Since 2016, ZCE has initiated 250 "insurance + futures" projects, investing 810 million yuan in premiums, benefiting nearly 900,000 farmers across 16 provinces [2]. - The "Worry-Free Commercial Storage" project has provided risk management services for 495,000 tons of urea across 99 storage enterprises in 23 provinces, helping to reduce storage costs and stabilize market supply [2]. - ZCE has developed risk management tools for key industrial chains, including polyester textiles and salt chemicals, supporting enterprises in managing risks from raw materials to finished products [2]. Group 3: Internationalization and Market Influence - ZCE has made steady progress in high-level openness, with seven products now accessible to foreign traders, achieving full-chain openness for oilseed products [2]. - The range of products available for Qualified Foreign Institutional Investors (QFIIs) has expanded to 26 futures and options [2]. - The introduction of a bonded delivery model for PTA export-type vehicles has significantly enhanced the price influence of open products [2]. Group 4: Market Function and Research - ZCE has focused on stability and quality development, conducting thorough research to understand the challenges faced by the real economy [3]. - The launch of propylene futures and options, along with the first domestic short-term commodity options (sugar series), has enriched the supply of risk management tools [3]. - ZCE has expanded the range of tradable products for QFIIs and deepened cooperation with international institutions, enhancing its market influence [3].