Financial Times: Shanghai Futures Exchange Held Designated Delivery Warehouse and Testing Institutes Work Conference 2015

Updated on: December 3, 2015

Reported by Gao Guohua, Journalist from Financial Times

Financial Times News   Shanghai Futures Exchange (SHFE) held Designated Delivery Warehouse and Testing Institutes Annual Work Conference 2015 in Kunming recently. SHFE designated 130 corporate heads and futures business supervisors from about 80 transaction warehouses and testing institutions to attend the meeting.

Teng Jiawei, SHFE Deputy General Manager pointed out that, delivery warehouses and testing institutions stretched over two markets: futures and spots, involving a wide range and numerous links, leading to a very complicated situation. SHFE established a set of relatively perfect futures delivery management system; the overall risk management was good. However, delivery warehouses and testing institutions still needed to enhance internal management, consolidate rules and measures on all aspects of delivery risk management, intensify mutual restriction and supervision of all posts, control and prevent delivery risk from happening. According to statistics, up until the end of October, all varieties at SHFE had added up to 1,805,300 tons in 2015, a delivery amount of CNY26.723 billion and a respective 20.41% and 6.64% year-on-year increase. Transaction performance was safe and stable. Delivery product quality met specification requirements. With regards to maximizing delivery warehouse layout, 21 new warehouses were added, 2 were annulled and 2 were suspended since 2014.