Memorandum Of Strategic Cooperation Signed Between The Zhengzhou Mercantile Exchange And The Government Of The Xinjiang Uygur Autonomous Region

In recent years, Zhengshang has vigorously promoted the innovation and development of Xinjiang's cotton market. In the Korla, Shihezi and Kuitun of Xinjiang, it has set up a cotton pfer intermediate store, and has organized various training related to cotton futures in Xinjiang for many times to help Xinjiang cotton companies understand and use futures tools.

Xinjiang is an important cotton producing area in China, and cotton accounts for more than 60% of the whole country.

In 2004, cotton futures were listed in Zhengshang, and over the past ten years, the scale of Zhengzhou cotton futures market has been expanding, and the function of serving the cotton industry has gradually emerged.

In order to further deepen and deepen

The cooperation between the autonomous region government and relevant institutions has been better served for the Xinjiang cotton industry and the national "one belt and one way" open strategy. Recently, the Zhengzhou commodity exchange signed a memorandum of strategic cooperation with the the Xinjiang Uygur Autonomous Region government.

Qian Zhi, vice president of the Xinjiang Autonomous Region government, said at the signing ceremony.

It is one of the pillar industries in Xinjiang and the main source of income for local farmers.

The development of Xinjiang's cotton industry is closely related to Xinjiang's economic and social development as well as to the overall situation of Xinjiang's stability.

"The establishment of the cotton pfer intermediate repository is conducive to the participation of local cotton companies in the hedging trade, locking production profits, stabilizing the operating income, and serving the development of Xinjiang's cotton industry and promoting cotton production.

Reform has positive significance.

Zhang Fan, director general of Zheng Shang, said at the signing ceremony that Zheng merchants will further deepen cooperation with the regional government and related institutions in order to better serve the development of Xinjiang's cotton and cotton textile industry with the opportunity of signing the strategic memorandum of cooperation.

Enterprises participate in the cotton futures market paction and risk management; two, carry out the pilot project of the pfer intermediate library, set up an office in Xinjiang, coordinate and coordinate the related business of the pfer of the cotton futures in Xinjiang, increase the investment in the education and training of the local stock market, promote the delivery of the cotton futures market, improve the cotton futures market, improve the cotton industry chain futures variety system, provide the whole chain risk management service for the cotton textile industry; four, carry out the construction of the "point base" for the cotton related enterprises in Xinjiang, summarize and promote the typical cases of the cotton enterprises in the futures market; five, deepen the cooperation with the Xinjiang Autonomous Region government, explore and explore various ways of cooperation, serve the Xinjiang local economic development and the national "one belt and one way" open strategy. First, we should further improve the contract system and rules design of cotton futures, and facilitate the cotton trade in Xinjiang.

Wang Shengqian, Deputy Secretary General of the Xinjiang Autonomous Region government, said the memorandum of strategic cooperation between the Xinjiang Autonomous Region Government and Zheng Shang will set up a positive interaction development cooperation mechanism for the two sides.

The Xinjiang Autonomous Region government will support relevant industries and enterprises to take an active part in the Zhengzhou futures market, and encourage local cotton enterprises to actively use futures tools for risk management.