Group 1 - The core viewpoint of the news is the ongoing development and expansion of futures and options markets in China, particularly by the Zhengzhou Commodity Exchange (ZCE) [1][2] - ZCE has listed 27 futures and 20 options products, with 13 unique products globally, leading the market in terms of product variety [1] - The average daily trading volume of industrial clients in the futures market increased by 12.2% year-on-year in 2024, with a total holding equivalent to over 200 million tons in the spot market [1] Group 2 - ZCE plans to steadily advance the research and registration of sunflower seed oil futures, and orderly promote the development of steel billets, cement, and chicken futures [1] - The exchange has launched propylene futures and options, as well as the first domestic short-term options for sugar, enhancing risk management tools [1] - The strategy includes optimizing existing product contracts and business rules, and expanding the application of futures in various industries through tailored support [2] Group 3 - ZCE aims to deepen international product development, including the implementation of PTA bonded delivery and expanding the range of tradable QFI products [2] - The exchange is focused on enhancing its global pricing influence and fostering cross-border cooperation with foreign futures exchanges [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]