Futures Daily: The 1^st Term of Crude Oil Futures Related Business Training Tour Ended

Updated on: July 5, 2017

Reported by Zhang Wenfei, Journalist from Futures Daily

Recently, the 1^st Term of Crude Oil Futures Related Business Training Tour held by the Shanghai International Energy Exchange (INE) successfully concluded in Shenzhen.

This series of training has attracted market attention, and experts from the oil industry, futures firms and INE explained the international crude oil supply and demand, crude oil trade and import process, the global oil industry chain, international crude oil spot market operation and crude oil futures related business rules, etc. More than 2,200 futures business practitioners and 32 journalists from 27 media outlets participated in the activities.

Wang Jun, President of the Research Institute of Founders CIFCO Futures, believed that the listing of crude oil futures would bring great benefits to the petrochemical industry chain and the transportation industry chain. He said that the agenda of the event made the participants have a comprehensive and in-depth understanding of the fundamentals and development trends of crude oil market and master the crude oil futures related business rules and essential factors of risk management, and helped the relevant business personnel accumulate crude oil knowledge. He hoped to have more similar training programs.

General Manager Ge Hongbo of GF Futures Shenzhen Branch said that practitioners had a better understanding about the commodity and financial attributes of crude oil through this training. As the first futures variety opening to the outside world in the Chinese mainland, crude oil futures will play an important role in China's opening wider to the outside world. Futures firms should seize the opportunity and carry out work actively from the height of serving the real economy and improving the financial market. This term of training systematically explained the crude oil futures related business rules and essential factors of risk management, providing a strong guarantee for the subsequent work. Someone from Holly Futures also said that in order to meet the listing of crude oil futures, the company had organized a number of internal staff training and various investor education activities.

"This training helps practitioners master the business rules and operating process concerning crude oil futures trading, delivery, settlement, risk management, etc." a trainee said. This event also helped the staff of futures firms understand the significance of listing of crude oil futures to national energy reserve and economic development and the important role of crude oil futures in serving the real economy and promoting the implementation of the "Belt and Road" Initiative. The trainees benefited a lot from it.

The journalist of Futures Daily has learned that INE would organize the 2^nd term of crude oil futures related business training tour nationwide this month to satisfy the market needs for crude oil futures related business training.