On November 6, 2024, Jushen Warehousing, the previous "Strong Source to assist enterprises" production and finance service base, and Guangzhou Futures successfully held a special exchange meeting on copper and aluminum industry in Foshan, Guangdong. The meeting focused on the topics of "Outlook of copper and aluminum market under the interest rate cut cycle, copper and aluminum futures delivery practice, how the copper and aluminum industry uses OTC derivatives for production and operation risk management and copper and aluminum current business model", and invited a number of industry experts to share. Ling Fuhua, chairman of Guangzhou Futures, Pan Jianguo, Secretary General of Chancheng Financial Industry Promotion Association, Lei Qi, chairman of Jushen Shares, attended the meeting and delivered a speech. 48 representatives of copper and aluminum industry enterprises attended the meeting.
At the meeting, Xu Keyuan, head of the metal team of Guangzhou Futures Research Center, made an in-depth analysis of the future trend of the copper and aluminum market under the interest rate cut cycle combined with factors such as the macroeconomic situation and changes in international market demand, providing a reference basis for copper and aluminum enterprises to develop business strategies.
Zhong Yujian, manager of quotation Department of Hainan Jushen Information Technology Co., LTD., explained the latest copper and aluminum futures delivery rules and procedures in detail, helping enterprises to better use futures market tools to improve inventory management capabilities. Focusing on how to manage the risk of production and operation through OTC derivatives, Wei Tao, head of the derivatives business Division of Guangzhou Capital, shared the successful cases and lessons of the copper and aluminum industry, and stressed the importance of flexible use of financial instruments to enhance the competitiveness of enterprises. In view of the innovation and development of the current business model of copper and aluminum, Wang Xingfeng, head of Guangji Capital Division, had an in-depth exchange with the participants on how to build a more efficient and transparent industrial chain service system.
At the meeting, Ling Fuhua, chairman of Guangzhou Futures, and Lei Qi, chairman of Ju Shen Shares, respectively signed a business cooperation framework agreement on behalf of the two sides to carry out in-depth cooperation in many fields such as futures delivery, risk management consulting, and market information sharing.
Ling Fuhua, chairman of Guangzhou Futures, said that as a state-controlled futures company, Guangzhou Futures has been committed to providing customers with professional and efficient financial services solutions, and this cooperation with Action Shares, the two sides will jointly explore the deep integration of the futures market and the real economy on a broader platform to help enterprises better cope with market fluctuations and achieve stable operation.
Lei Qi, chairman of JuShen Shares, said that JuShen shares in warehousing, transportation and multimodal transport has accumulated rich experience, wholly-owned subsidiary JuShen warehousing as the delivery warehouse of the Shangshi, Guangshi and Zhengshang, currently there are 8 kinds of delivery varieties. The cooperation with Guangzhou Futures will not only help strengthen the company's service capabilities in futures delivery, but also provide customers with more comprehensive risk management solutions and enhance the competitiveness of enterprises in the market.
