The “30-people Forum on China Oils” is set up in Beijing on May 24, and its first meeting is held on the same day. It is one of the high-end activities held by Beijing Heyirong Investment Group Co., Ltd. as an industry-finance training base of Dalian Commodity Exchange (DCE). More than 50 persons attend the establishing ceremony, including Li Zhengqiang, Party Chief and Chairman of DCE, Zhou Shiyong, President of Beijing Heyirong Investment Group Co., Ltd., relevant chief of China National Grain & Oils Information Center and insiders from the oils industry.
Li Zhengqiang says in the speech that DCE came up with the idea of establishing the “industry training base” in 2017. It aimed at focusing on the leading enterprises in the industry to drive numerous small and medium-size enterprises in the industry chain to take part in the futures market.
Over the past two years, the first batch of 11 pilot bases have carried out 34 sessions of training for 2,269 enterprises and 3,265 trainees, driving a number of industry enterprises to conduct risk management by making use of derivatives instruments like futures. In March 2019, DCE signed the contracts with the second batch of 9 pilot bases, including 7 industry enterprises and 2 commercial banks: China Construction Bank and China Minsheng Bank. DCE has also made new attempts in the base construction, such as upgrading the one-dimensional industry training to the multi-dimensional industry-finance training. The change from the “industry training base” to the “industry-finance training base” symbolizes not only the change in name but also the expansion and improvement of its connotation and extension.
Li Zhengqiang adds that 2019 is the 70th anniversary of the founding of the People’s Republic of China. According to the overall arrangement for the capital market by the Party Central Committee and the China Securities Regulatory Commission, DCE Party Committee has determined the principle of “consolidating, enriching and improving” and focused on increasing market liquidity and improving market operation quality. Oils are the products boosting the initial growth of DCE, the basic products of DCE, and the products that have driven the first step of DCE in its transformation development in the new stage. DCE will continue to explore oils products and give further play to the market function. Moreover, DCE will continue to strengthen the efforts on market cultivation, join hands with industry-finance training bases to further extend industry services and expand business cooperation, and actively facilitate the in-depth integration of the futures market and the real economy, so as to make the futures market better serve the development of the real economy.
