The Heilongjiang Soybean Association (HSA) and the Heilongjiang Grain Industry Group (the Heilongjiang Group for short) signed a strategic cooperation agreement on June 18. They jointly held the “Seminar on the Development of the Soybean Industry under the Sino-US Trade Dispute” in Harbin on the same day for an in-depth exchange on the development and the risk management strategy of China’s grain industry under the increasingly complicated international relations.
The HSA is one of the industry-finance training base of Dalian Commodity Exchange (DCE), and its members cover the whole soybean industry chain including planting, processing, trading and scientific research. The Heilongjiang Group, affiliated to the Heilongjiang Agricultural Investment Group, has 51 storage enterprises with the storage capacity of 8.17 million tonnes. The cooperation will complement each other’s advantages, better serve the soybean industry enterprises in China and facilitate the development of China’s grain industry.
To explore new industry service modes, DCE initiated the innovation mode for industry training base in 2017, which has boosted a large number of industry enterprises to make use of futures and other derivatives instruments for risk management. In 2019, DCE has upgraded the singular industry training to the multi-dimensional industry-finance training and enriched and enhanced the connotation and extension of the training base. As one of the first batch of DCE industry-finance training bases, the HSA has offered training for about 1,000 excellent agricultural talents and served nearly 100 enterprises. The training contents have transformed from the traditional agricultural planting to risk management, delivering the idea from “well planting” to “well selling”. The HSA has also been active in promoting the Peasants’ Income Guarantee Plan by setting up training base’s workstation in Suihua and Greater Khingan and organizing futures-spots training sessions in Zhaoguang Farm, Jianshe Farm, Xunke Farm and Hongxing Farm. All these have helped to share the new instruments and modes for risk management to enterprises in the upstream, middle stream and downstream of the industry chain and assisted soybean peasants and enterprises in increasing output and profits and resisting market risks by giving full play to the advantages of the platform and the resources superiority of the training base. Moreover, it has established the new enterprise-cooperation relationship in the modern market. And it has played a positive role in promoting the industry transformation and facilitating the risk management in the industry.
