Zhu Min, Deputy Secretary General of the Shanghai Municipal Government, said at the Shanghai Municipal Government press conference held on September 3 that during the “15th Five-Year Plan” period, Shanghai will strengthen functions such as transaction pricing, transit and distribution, and risk management, and structure a “Shanghai price” in a hierarchical manner around superior categories such as iron ore and copper, emerging categories such as liquefied natural gas, electricity, computing power, and potential categories such as hydrogen-based new energy. Deepen the linkage between period and derivation, expand the categories applicable to bonded warehouse receipt pledge, deepen the pledge function for standard warehouse receipt transactions, and enrich the supply of OTC commodity derivatives. Accelerate the international development of futures options, promote the opening up of more trading types to the outside world, use the construction of a “credit and trade chain” as a starting point to create a trustworthy commodity trade ecosystem, and enhance the influence of “Shanghai Prices”.

Zhu Min, Deputy Secretary General of the Shanghai Municipal Government, said at the Shanghai Municipal Government press conference held on September 3 that during the “15th Five-Year Plan” period, Shanghai will strengthen functions such as transaction pricing, transit and distribution, and risk management, and structure a “Shanghai price” in a hierarchical manner around superior categories such as iron ore and copper, emerging categories such as liquefied natural gas, electricity, computing power, and potential categories such as hydrogen-based new energy. Deepen the linkage between period and derivation, expand the categories applicable to bonded warehouse receipt pledge, deepen the pledge function for standard warehouse receipt transactions, and enrich the supply of OTC commodity derivatives. Accelerate the international development of futures options, promote the opening up of more trading types to the outside world, use the construction of a “credit and trade chain” as a starting point to create a trustworthy commodity trade ecosystem, and enhance the influence of “Shanghai Prices”.