May 16thFishtablesWith the support and guidance of the China Iron and Steel Association, the Shanghai Futures Exchange (hereinafter referred to as the Shanghai Futures Exchange) held a forum on high-quality development of iron and steel futures in Hangzhou, focusing on high-quality development and enhancing customer participation in the industry. focus on the operation of the iron and steel market, the main issues of the iron and steel futures market, optimize steel futures trading, delivery mechanism, enhance the convenience of physical industry participation and other major topics. Representatives of 21 iron and steel production enterprises, 3 downstream steel consumer enterprises, and 4 iron and steel trading enterprises from East China, South China, North China, and Northeast China attended the meeting. Liu Biao, deputy director of the Market Research Department of China Iron and Steel Association, and Lu Feng and Zhang Ming, deputy general managers of the Shanghai Futures Exchange, attended the meeting. Zhejiang Securities Regulatory Bureau and Zhejiang Futures Industry Association participated in the discussion and exchange.

Liu Biao introduced the operation of China's iron and steel industry, the medium-and long-term changing trend of the iron and steel industry, and his thoughts on the future development of the iron and steel industry. Liu Biao said that China's iron and steel industry provides important support for the development of the national economy.FishtablesHe pointed out that CISA will focus on the top priority of high-quality development of iron and steel and strive to promote relevant work.

The Commodity Department of the Shanghai Futures Exchange and the delivery Department have successively introduced the relevant work to promote the function of steel futures and the consideration of relevant measures to improve the convenience of steel futures delivery. Combined with the research situation, the last Stock Exchange summarized the characteristics of production, circulation, consumption and warehousing in the iron and steel spot industry, deeply analyzed the problems existing in the trading and delivery of iron and steel futures, and put forward specific measures to continuously improve the contract rules, optimize the trading and delivery mechanism, and improve the quality and efficiency of industrial services.

At the meeting, enterprise representatives spoke in turn, introduced in detail the situation of enterprises' participation in the futures market and the use of futures tools, and discussed in depth the main problems existing in the current iron and steel futures market. The participating enterprises affirmed the positive role of iron and steel futures in helping enterprises manage the risk of price fluctuations, and combined with the development trend of the iron and steel industry, put forward targeted opinions and suggestions to improve the convenience of delivery and optimize the mechanism of trading and delivery. To better promote the function of iron and steel futures and so on. At the forum, the opinions of relevant enterprises mainly focused on three aspects: the first is to improve risk management and delivery efficiency, and solve the problem of contract discontinuity. The second is to optimize the delivery mechanism, the layout of delivery warehouses and regional discount mechanism are closer to the market. The third is to improve the protection of the hedging system in iron and steel enterprises, continue to strengthen the basic knowledge of futures, hedging accounting education and training, and train futures professionals.

During his inspection of the Shanghai Stock Exchange, General Secretary Xi Jinping stressed: "it is necessary to speed up the construction of a world-class exchange and make greater contributions to exploring the futures supervision system and business model with Chinese characteristics and building an international financial center." The 15 years of development of the iron and steel futures market is the 15 years in which China's iron and steel industry supports the accelerated development of industrialization and urbanization in China. The last period will closely follow the needs of the high-quality development of China's iron and steel industry, seriously absorb the opinions and suggestions of physical enterprises, combine the operation of the period and the spot market, grasp the main contradictions, and actively, steadily and orderly promote the relevant work. On the basis of fully considering the opinions and needs of all parties, the Shanghai Stock Exchange will continue to optimize the trading and delivery mechanism, enhance the continuity of contracts, and further facilitate entity enterprises to participate in steel futures hedging and delivery. In terms of optimizing delivery resources, steadily expand delivery brand registration and study to promote collectivized brand registration. In terms of facilitating delivery and reducing delivery costs, optimize the regional layout of delivery warehouses and further study to reduce delivery costs.

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