13

2019-05

Our company was awarded the title of "Industry Base" by Zhengzhou Commodity Exchange.

On May 9, Zhengzhou Commodity Exchange (ZCE) signed agreements with 44 industrial enterprises in Zhengzhou, establishing them as the first batch of ZCE's "industrial bases" serving the real economy. To further enhance ZCE's professional advantages in serving industries and the real economy, and to guide industrial chain enterprises in using derivatives and related markets to promote the sustained and healthy development of regional economies and enterprises, ZCE issued a relevant announcement in February this year, soliciting "industrial base" cooperation units from qualified industrial chain leading enterprises, risk management subsidiaries of futures companies, and other relevant units. According to the "Implementation Measures for ZCE's "Industrial Base" Activities Serving the Real Economy", units becoming ZCE "industrial bases" will work with ZCE to carry out systematic market cultivation activities such as training, research, summarization of excellent cases, and promotion around related listed varieties, based on the principle of serving the real economy and targeting industrial enterprises. After the launch of the "industrial base" solicitation activity, enterprises in related industries responded positively. In less than a month, 167 qualified industrial enterprises submitted applications, including 100 related to ZCE's agricultural product futures varieties, 48 related to ZCE's non-agricultural product futures varieties, and 19 related to ZCE's options and comprehensive business platform. After review, ZCE ultimately selected 44 applicant units (21 agricultural products, 17 non-agricultural products, and 6 options and comprehensive business platforms), including China Cotton Group Co., Ltd., as the first batch of "industrial bases". According to relevant ZCE personnel, the selection of "industrial bases" was based on the principles of prioritizing leading enterprises in the industry; prioritizing enterprises located in industrial clusters; prioritizing enterprises that actively support and participate in ZCE's related futures, options businesses and comprehensive business platforms; and prioritizing enterprises with good publicity and promotion capabilities. These 44 enterprises have high influence and demonstration effects within the industrial chain, have strong industrial service capabilities, can provide abundant upstream and downstream customer resources and high-quality teachers, and meet the relevant conditions for ZCE's "industrial base" activity cooperation units. The development of "industrial bases" is not only to disseminate futures knowledge and guide upstream and downstream enterprises in the relevant industrial chain to actively participate in futures market operations and market cultivation activities, but also hopes to promote a "futures culture" of risk management through this work, allowing industrial enterprises to play the leading role, playing their respective demonstration roles in the industry, sharing good models, mechanisms, and experiences with upstream and downstream enterprises, and helping solve problems encountered by upstream and downstream enterprises in participating in futures transactions. It is also hoped that industrial chain enterprises will provide more support for ZCE in improving business rules and regulations, developing new products, understanding the market and relevant industrial conditions, and jointly promoting the futures market's service to the real economy, said the relevant ZCE personnel.

2019-05-13

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