Shanghai Futures Exchange (“SHFE”) hosted the opening ceremony of SHFE Training Base for Non-ferrous Metals Industry on April 29th, 2014. Among those attending the opening ceremony were Ye Chenhe, Vice-president of SHFE, Shang Fushan, Vice Chairman of China Non-ferrous Metals Industry Association as well as representatives from local futures industry associations and the enterprises that constitute the said base.

Ye Chunhe firstly affirmed the practical significance and positive impact of the operation of SHFE Training Base for Non-ferrous Metals Industry. He added that the unveiling of SHFE Training Base for Non-ferrous Metals Industry marks a new stage of more standardized and comprehensive development of the Project. And at a new starting point, the Industry Training Base Project will aim to build an institute crossing futures and traditional industries at the level of Huangpu Military Academy for futures practitioners by further intensifying the training efforts, optimizing the training content, enriching the training forms and standardizing the examination and assessment system, so as to really deepen the functioning of futures market serving the development of physical economy, and play a more active role in the upgrade and optimization of physical economic industries as well as the transition and development of futures market.

Shang Fushan also pointed out that the official launch of the Industry Training Base Project is a pragmatic move for SHFE to actively intensify the industrial services and support the industrial development, creating a new dimension for investor education activities. And China Non-ferrous Metals Industry Association will fully support SHFE’s Industry Training Base Project and thus with its demonstration effects over long-term operation, make further contribution to our goal of the construction of a great power of non-ferrous metals industry by giving better play to the functioning of futures market

According to the introduction by SHFE related officials, SHFE has initiated this Industry Training Base Project as early as the end of 2011 for the purpose of enhancing the efforts to serve the non-ferrous metals industry, cultivating non-ferrous metals futures talents, strengthening the communication between futures and physicals enterprises and achieving its goal of non-ferrous metals products intensification. This Project is designed to cultivate the operating and management talents necessary for the enterprises to participate in the futures market, as well as the theoretical and practical talents for futures companies to serve the non-ferrous metals industry.

As a professional training platform, this Industry Training Base offers professional training integrating theory with practice to related trainees from industrial enterprises and futures companies in respect of management, research and analysis during the 2-year pilot running, so as to satisfy the needs of training non-ferrous metals futures service and operating talents from non-ferrous metals enterprises and futures companies. Until now, this Project has held 14 training sessions for more than 400 non-ferrous metals analysts from futures companies and won wide praise from the entire market. Trainees from previous sessions said this training is of great help to the upgrading of the understanding of physicals industries by futures practitioners. Liu Yang from CITIC Futures was quoted as saying that it is an efficient path to a comprehensive deep-dive into futures knowledge when one combines theoretical study with field survey, learns the hedging experience covering such modules as risk control and accounting from industrial enterprises, and walks into the workshop to observe the futures market from the perspective of physicals enterprises. Meanwhile, Jiangxi Copper Corporation highly values the construction of SHFE’s industry training base, and forms the training specialist team with high level operational experts. According to the related officials of Jiangxi Copper Corporation, the establishment of the industry training base has facilitated the effective communication between physicals enterprises and futures companies within the futures market, which strengthens the in-depth understanding of futures industry by physicals enterprises and at the same time improves their application of such risk control instrument as futures.

As SHFE explains, this officially launched industry training base consists of 6 enterprises that are among the leading enterprises or those with considerable strength within the non-ferrous metals industry, including Jiangxi Copper Corporation, Tongling Non-ferrous Metals Group, Shenzhen Zhongjin Lingnan Nonfemet Company, Henan Yuguang Gold & Lead Group Co., Ltd., Shenhuo Group and Yankuang Group Power Generation & Aluminum Company. Strictly trained and carefully selected by SHFE, the above-mentioned enterprises will offer their support with qualified faculty and field trips. At present, the 1st industry training for Year 2014 has been initiated by SHFE.