On June 21, 2021, Shandong Port Group, Shanghai Futures Exchange (hereinafter referred to as Shanghai Futures Exchange) and Shanghai International Energy Exchange (hereinafter referred to as Shanghai Energy Exchange) signed a group futures delivery cooperation agreement in Shanghai.

Jiang Yan, Secretary of the Party Committee and Chairman of the Shanghai Futures Exchange, and Huo Gaoyuan, Secretary of the Party Committee and Chairman of Shandong Port Group, attended the ceremony and delivered speeches. Wang Fenghai, deputy secretary and general manager of the Shanghai Futures Exchange, and Li Fengli, deputy secretary, director and general manager of Shandong Port Group, signed the agreement on behalf of both parties. Wang Jinyu, Party Secretary and Director of Qingdao Local Financial Supervision Bureau, Li Shiwei, Deputy Director of Qingdao Securities Regulatory Bureau, Wang Hongbing, Deputy Director of Qingdao Customs, Xiang Zhiqiang, Deputy Director of the Management Committee of China-Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Zone, Song Liping, Chairman of the Supervisory Committee of the previous period , Deputy General Managers He Jun, Li Hui, and Lu Feng of the Shanghai Futures Exchange, Zhang Bo, the external director and chief financial officer of Shandong Port Group, and the responsible comrades of related directly affiliated units and relevant departments of the headquarters attended the event.

Jiang Yan said that 2021 is the first year of the "14th Five-Year Plan" and the centenary anniversary of the party. Standing at this special historical point, the signing ceremony is for both parties to thoroughly implement services and lead the development of the real economy, and improve storage. The pragmatic measures of business standardization, strengthening the construction of the national warehousing system and stabilizing the industrial chain supply chain are of great significance. Shanghai Futures Exchange, Shanghai Futures Energy and Shandong Port have a long history of cooperation in delivery warehouses. Over the years, relying on the unique location advantages of Shandong Port and the effect of industrial clusters, the futures delivery warehouses of Shandong Port have been operating steadily and functioning well. They have achieved success in establishing a modern circulation system that serves "double circulation" and improving my country's bulk commodity reserve capacity. Notable results. The two parties signed a group-based futures delivery cooperation agreement, which will further release their respective advantages and better promote the development of important commodity delivery warehouse clusters with the "total to general" model, realize group management, improve the efficiency of resource allocation, and create a "marketplace" for the previous period. A comprehensive and international first-class derivatives service platform with internal and external aggregation, online and offline integration, futures and spot integration, and commodity finance integration" injected strong momentum.

Huo Gaoyuan said that the port is an important basic and pivotal facility of the country and an important support for economic development. In the past two years since its establishment, Shandong Port has resolutely implemented the spirit of General Secretary Xi Jinping’s important instructions, locked in the overall goal of "accelerating the construction of a world-class marine port", fully integrated into the Shanghai Cooperation Demonstration Zone and other national strategies, and deepened integrated reform and development, cluster effects and hub functions Significantly improved, in the service construction of a new development pattern, the role of connecting north and south and communicating east and west is becoming more and more prominent. For a long time, Shandong Port has maintained a good cooperative relationship with the Shanghai Futures Exchange, and a number of designated delivery warehouses for futures products have settled in Shandong Port. Facing the future, Shandong Port will focus on building an internationally leading smart green port, a logistics hub port, an industry-city integration port, a financial and trade port, and a cruise, cultural and tourism port, and accelerate the development of an international shipping hub in Northeast Asia. The enrichment and improvement of futures delivery functions will greatly enhance the shipping financial service level of Shandong Port. Shandong Port will use this signing as an opportunity to in-depth explore more fields and deeper cooperation models with the previous period, achieve win-win development in the opening strategy of serving the country, and create outstanding achievements to celebrate the centenary of the founding of the party.

In the early stage, the Shanghai Futures Exchange, Qingdao Municipal People’s Government, Qingdao Customs, and Shandong Port signed a four-party strategic cooperation memorandum. As a specific measure to implement this strategic cooperation memorandum, the previous period of energy approved Shandong Port on June 21 and became the first low-cost company in Shandong. Sulfur fuel oil futures delivery warehouse. After the signing of the cooperation agreement on the group-based futures delivery between the two parties, Shandong Port will become the designated delivery warehouse for the Shanghai Futures Exchange and the Shanghai Futures Energy Crude Oil, No. 20 Gum, Low Sulfur Fuel Oil, Natural Rubber, and Pulp Futures, which will be distributed in Qingdao, Shandong Port. 11 storage sites including Hong Kong, Huangdao and Longkou, with a total approved storage capacity of approximately 1.723 million tons, and an active storage capacity of approximately 994,000 tons.

In the next step, Shandong Port will further deepen the all-round cooperation in the field of futures delivery with Shanghai Futures Exchange and Shanghai Energy, vigorously guide and promote the formation of a virtuous circle of industry and finance, and help the industrial supply chain achieve a higher level of connection, optimization and consolidation. And lead the high-quality development of the real economy to show greater deeds. Subsequently, some participants conducted business exchanges and discussions on the "Shandong Port Futures and Current Linkage Financial Business" and "Hong Kong Futures Development Strategic Plan".

Keywords: state-owned enterprise reports, energy industry

Before the signing ceremony, Huo Gaoyuan and his entourage were also invited to attend the listing of crude oil options; visited the Shanghai Stock Exchange and the Shanghai Petroleum and Natural Gas Exchange, exchanged ideas and directions for the next step of deepening cooperation; visited the financial information in China The center's "Wish to meet when China takes off to the world-People's Premier Zhou Enlai Exhibition Hall".Editor/Xing Wentao