Home >

Zheng Shang: Strive To Improve Service Industry Capacity

2010/9/9 16:05:00 115

??? 日本語(yǔ) Fran?ais English 中文

Service Futures Economy

In the recent period,

Cotton (

Information, quotes, and the market has attracted much attention.

Zhengzhou agricultural products held by the Zhengzhou Mercantile Exchange

futures

(cotton) Summit Forum will be held in Zhengzhou in September 10, 2010.

At the close of the forum, the futures Daily reporters (hereinafter referred to as the reporters) interviewed the responsible persons of the preparatory group of the Zhengzhou agricultural products (000061, stock bar) Futures (cotton) Summit Forum (the person in charge) on the purpose and significance of the summit forum, as well as the main topics and preparations for the forum.

Reporter: it is understood that this Zhengzhou Agricultural Products Futures (cotton) summit forum is the highest specification Industrial Forum held by Zhengshang in recent years, and we would like to talk about the purpose and significance of holding this forum.

Person in charge: the function of serving the real economy is the basis for the existence and development of the futures market.

market

The effective implementation of functions.

In this process, the futures market needs to enrich the service industry constantly and improve the service level.

The purpose of this summit forum is to explore effective ways to serve the development of the agricultural industry in the futures market based on the characteristics of Zhengshang, promote the deep integration of the spot market and the futures market, strengthen international exchanges and cooperation, and build a high-end platform for information exchange and communication between cotton companies at home and abroad to help enterprises grasp the macroeconomic situation and the trend of industrial development, enhance the risk management ability and overall operation level of the enterprises, and promote the sustained and healthy development of the cotton industry.

Reporter: in the post crisis era, the trend of domestic and foreign cotton market and the operation of cotton textile industry have increased a lot of uncertainties. Cotton companies need to carry out an all-round "re understanding" in the aspects of global cotton production, textile and garment market, macroeconomic and industrial policies.

What are the topics of the forum and how can the speakers be able to unlock questions for participants?

Person in charge: since 2009, China's cotton prices have entered a rising channel.

Spin

The production and operation of the industry as a whole has been improving, the production and export of products have resumed growth, the economic benefits of the enterprises have been significantly improved, and the cotton and textile industry has ushered in a better development opportunity.

But as you have said, the international financial crisis is still unresolved. There are great variables in macroeconomic, national policies, cotton production and market demand. It is a common concern of the cotton industry how to find opportunities for development in a changing market environment.

The forum will give special lectures to the responsible officials of the relevant government departments, famous economists, spot experts and information consulting institutions.

Relevant people from the national development and Reform Commission will make a keynote speech on the establishment of a long-term mechanism for the development of China's cotton industry. The responsible person of the Ministry of agriculture will elaborate on "China's cotton planting development plan", and the Ministry of Commerce will interpret "the current situation and development trend of China's cotton and textile import and export trade", and the US Department of agriculture and the Intercontinental Exchange mainly introduce the development of the cotton market in the United States.

In terms of market and industry operation, China Textile Industry Association Economic Research Center and China cotton information network will analyze and predict the supply and demand of China's textile industry and China's cotton market respectively, and Caunt Luke UK Limited will bring their assessment of global cotton production and trade status.

We hope that through this summit forum, we can provide comprehensive, authoritative and diversified information for all participating enterprises, and provide valuable reference for avoiding market risks and achieving sound management.

{page_break}

Reporter: since the listing of cotton futures, the market function has gradually been brought into play, and a number of cases involving cotton enterprises to avoid risks in futures market have emerged. However, many enterprises are still hovering outside the market because they do not understand the specific operation methods of futures market operation mechanism and hedging.

How can the forum promote exchanges between the futures and spot enterprises to help them understand and utilize the futures market?

Person in charge: since the outbreak of the international financial crisis, China's cotton and textile industry has undergone the baptism of crisis, and realized the true meaning of "crisis" and "risk". This has also prompted more cotton processing, trade and downstream cotton textile enterprises to join in the hedging of cotton futures. However, many cotton companies still do not know much about futures and have not effectively utilized the futures market.

This requires our futures industry to continue to strengthen industrial services and improve the capacity of service industries.

The forum will invite foreign and domestic cotton enterprises to achieve better results in cotton futures hedging, and introduce their successful methods and experiences in the process of production, processing and trade.

In addition, we will organize a large round of discussion on the cotton and textile market situation and risk management of cotton enterprises at home and abroad by large cotton enterprises, banks and Futures Company. We will discuss how to use futures tools to hedge risks in the current market environment. At the same time, we will also provide a direct window for Futures Company to listen to the aspirations of spot enterprises and better understand the needs of industrial enterprises.

Reporter: there is still two months to go before this forum. Would you like to introduce the current preparations?

Person in charge: the forum was strongly supported by the relevant ministries and ministries of the state and the Henan provincial government. The invitation of the speakers has basically ended.

Cotton industry and market participants are highly concerned. The famous cotton enterprises, information agencies and cotton industry organizations at home and abroad have indicated that they will participate in this forum.

The official website of the forum has been completed and is now eligible for registration.

At that time, I hope to dedicate an authoritative, professional and successful cotton market to all participants.

Reporter: the Zhengzhou agricultural futures summit forum focuses on cotton futures. Will there be a long-term plan for the future development of cotton and other futures industry forum?

Person in charge: the agricultural products listed on Zheng Shang are of distinctive features.

Serving the real economy, especially serving the "three rural issues", is the responsibility of Zheng Shang and is the direction of the development of Zheng Shang.

We will strive to build a high-end platform for domestic agricultural products market, focusing on grain, cotton, oil and sugar, regular exchanges, give full play to the futures market function, and promote the sustained and healthy development of related industries.