Group 1 - The Tianjin Municipal Bureau of Commerce and other departments have developed the "Implementation Plan for Accelerating the Development of Intelligent Supply Chains in Tianjin" to enhance supply chain resilience and improve enterprise competitiveness, aligning with the Ministry of Commerce's action plan [1] - The plan emphasizes strengthening the wholesale supply chain distribution function, supporting innovative trading models such as capacity pre-sale and order trading, and promoting digital transformation in agricultural product markets [1] - The Tianjin International Oil and Gas Trading Center has launched the first transferable spot order trading model in the country, "LNG Order Pass," which will be upgraded to "LNG Purchase and Sale Pass" in 2025, addressing industry pain points like information asymmetry and low matching efficiency [2] Group 2 - The Tianjin Trading Center has organized multiple public and fair spot bidding transactions using an online trading system, allowing prices to form naturally through market competition rather than one-on-one negotiations [3] - The center has introduced various innovative business models, including capacity pre-sale and electronic warehouse receipt trading, to create a diversified trading system for LNG spot commodities, effectively serving the high-quality development of the real economy [3] - Since the launch of the heavy hydrocarbon auction business in December 2024, the Tianjin Trading Center has held over 20 specialized auctions, successfully trading more than 2,000 tons and increasing market activity [2][3]

Group 1 - The core viewpoint emphasizes that the "capacity pre-sale and order trading model" optimizes resource allocation through "sales-driven production," becoming a key driver for transformation and upgrading in the bulk commodity sector [1][2] - Recent policies, such as the March 2022 document from the Central Committee and State Council, advocate for the construction of a unified national market and the development of bulk commodity trading rules, providing a solid institutional foundation for the innovation of capacity pre-sale and order trading models [1][2] - The September 2023 implementation plan from Pudong New Area supports the innovation of business models like virtual factories and capacity pre-sale, aiming to enhance the integration of trading, manufacturing, and logistics [1][2] Group 2 - The 2025 action plan from Hangzhou also supports the innovation of capacity pre-sale and order trading models, indicating a broader governmental push for high-quality development in bulk commodity trade [2] - The Ministry of Commerce's April 2025 plan highlights the importance of promoting capacity pre-sale and order trading as key tasks, reaffirming their compliance and innovative nature [2] - Experts suggest that local governments should provide more resources and financial support to foster a favorable policy environment for the innovation of these trading models [2] Group 3 - The core of capacity pre-sale and order trading lies in pre-locking future capacity and sales, helping both buyers and sellers optimize resource allocation and reduce market risks [3] - The current state of China's bulk commodity trading market is still in the exploratory phase for these models, lacking unified standards and regulations, which may lead to compliance disputes during innovation [3] - Risk management is a critical topic in the innovation of trading models, with common disputes arising from quality standards, delivery proof validity, and transaction authenticity [3]

Group 1 - The Chinese government is accelerating the opening of the service industry amid rising unilateralism and protectionism globally, with a new comprehensive pilot work plan that includes 155 pilot tasks [1] - The work plan encourages the integration of advanced manufacturing and modern service industries to enhance international competitiveness, particularly through innovations in trading models such as capacity pre-sale and order transactions [1] - The establishment of a trading settlement system that aligns with international norms and promotes RMB-denominated products is emphasized to facilitate the efficient integration of manufacturing and services [1] Group 2 - Recent innovations in capacity pre-sale and order trading models on commodity trading platforms have addressed many challenges faced by enterprises and positively impacted the integration of manufacturing and services [2] - The Shanghai Steel Trading Center showcases how production capacities can be auctioned online, allowing sellers to secure customers and buyers to lock in prices, thus enhancing operational efficiency [2] - The "LNG Order Pass," set to launch in June 2024, represents a new order trading model in the oil and gas sector, aimed at improving market transparency and flexibility [2] Group 3 - The "LNG Order Pass" features characteristics such as price locking, dual fulfillment assurance, transparency, and competitive flexibility, which help enterprises manage market uncertainties and efficiently allocate resources [3] - By driving precise matching along the supply chain and embedding services into manufacturing, the integration efficiency of manufacturing and services can be significantly improved [3] - Innovations in trading models and enhanced service levels on commodity trading platforms can strengthen China's resource allocation influence in the global value chain, providing new infrastructure support for service industry expansion [3]