China Securities Journal: The SHFE Holds Bitumen Industry Survey of Risk Management Subsidiaries

Updated on Jul 28,2014

July 28, 2014

By Guan Ping

Lately, the Shanghai Futures Exchange (SHFE) held the activity of “Serving the Industry – Bitumen Industry Survey of Risk Management Subsidiaries” to help the risk management subsidiaries of futures companies to have a deeper understanding of the bitumen industry and to strengthen the cooperation and communication with bitumen enterprises. Among all members of the SHFE, 16 risk management subsidiaries have designated personnel to participate in the survey.

During the 2-day activity, the survey personnel have visited Jiangyin CNPC Jiangsu Bitumen Fuel Co., Ltd. and CNOOC Taizhou Petrochemical Co., Ltd., watched the bitumen production and the storage equipment, and carefully listened to the introduction presented by corporate staff. They have also had detailed inquiry about the production, selling, and storage of bitumen.

The survey personnel said that the risk management subsidiaries of futures companies, as a bridge connecting the floor market and the over-the-counter market, can provide real enterprises with individualized products and services combining the futures and spot goods and realize the coordinated development of the floor market and the over-the-counter market. The activity will help to strengthen the risk management subsidiaries’ recognition and understanding toward the circumstance and development prospect of the chemical and energy products and the relevant industry, thus better serving the entity industries.

It is learnt that the series activities of “Serving the Industry” are the brand project of the SHFE to serve the industry economy. The SHFE has held many activities of various forms, such as the hedging business training, the themed forum, and the surveys in real enterprises, all of which have achieved positive effects and good feedbacks. An official of the SHFE said that the SHFE will continue to serve the floor market, the over-the-counter market, and the industry economy and, through the regular brand industry service activities, expand the width and depth of the futures market in serving the real economy.