Hexun.com: The SHFE Signs Contract and Cooperates with SIS

Updated on:  June 16, 2016

Shanghai Futures Exchange (SHFE) and Shanghai Institute of Quality and Standardization (SIS) signed the strategic cooperative agreement at Shanghai on June 16, Mr. Teng Jiawei, Deputy General Manger of SHFE and Mr. Yang Jieming, Dean of SIS attended the signing ceremony.

In order to further carry out the national strategy of integration of information and industrialization and Internet+, to promote the strategic transformation of entity economy and enhance the informatization level of the industry, and better give play to the futures market to serve entity economy, the SHFE and SIS have cooperated to continuously boost the experimental unit of automatic identification technology (barcode technology) in nonferrous metals transaction warehouse and registered manufacturing enterprises, and the two parties have achieved prominent achievements on the declaration, formulation, application and promotion of uniform coding and identification of nonferrous products.

According to the agreement, the two parties will aim at the goal of futures market development and the construction of Shanghai Technology Innovation Center, deeply carry out the high-level cooperation between the institutions to cooperate for mutual benefits, give full play to the technological leading role of quality and standardization, carry out the basic application study of quality and standardization of futures industry, promote the application of commodity coding and automatic identification technology in nonferrous industry and promote the standard transformation of application achievement. Based on the current experimental pilot work, The two parties take nonferrous industry application and commodity coding and automatic identification technology as core, jointly carry out the standard declaration, formulation and coordination work of relevant national or industrial standard, effectively improve the informatization and standardization application level of nonferrous metal industry, decrease industrial management cost, enhance the circulation efficiency, promote the building of trading system of product quality and satisfy the application and management, to better meet the needs of futures delivery process to the safety, efficiency, sharing of non-ferrous product data.

Besides, the two parties would conduct strategic cooperation of multiple levels on market research, information communication, technical guidance, research project, quality and standardization publicity.