B[Dalian Commodity Exchange: Futures prices have been included in the calculation of the Changxie Coal and Steel Linkage Floating Value and have become the pricing reference for some leading coal companies] On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the Black Industry Forum of the 19th International Oils and Grease Conference and Agricultural and Livestock Industry (Derivatives) Conference that the influence of prices has been steadily increasing. In recent years, DCE has closely followed spot changes and continued to optimize delivery quality standards and premiums and discounts, and the representativeness of futures prices has continued to increase. In terms of iron ore, focusing on changes in mainstream ore quality, Dalian Commodity Exchange took the lead in lowering the futures standard iron grade from 62% to 61%, proactively adapting to industry trends and spot pricing needs. Since then, mainstream spot indexes at home and abroad have also been adjusted one after another, and futures and spot pricing benchmarks have been further aligned. At present, reference to futures pricing in port spot trade has become an industry practice. In terms of coking coal, futures prices have been included in the calculation of the linked floating value of Changxie Coal and Steel, and have become the pricing reference for some leading coal companies. Futures prices are becoming a "weather vane" that is visible, trustworthy and useful for upstream and downstream enterprises. (CSI Taurus) B[Hong Kong’s First Five-Year Plan: Using Gold as the Entry Point to Build a Commodity Trading Ecosystem] On September 16, Hong Kong SAR Chief Executive Lee Ka-chao announced the “First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)” (referred to as the “Plan”) and the “Chief Executive’s 2026 Policy Address”. The "Plan" mentioned that gold will be used as the entry point to build a commodity trading ecosystem. Comprehensively promote the coordinated development of gold trading-related clearing systems, warehousing, supply and infrastructure, and give full play to the role of gold as a strategic asset. Long-term benchmarking of major international gold trading centers and a dual-track development pattern of software and hardware. Accelerate the construction of infrastructure to provide efficient and reliable services for international standard gold transactions. Comprehensive support for more gold merchants and financial institutions to settle in Hong Kong and expand capacity. Comprehensively enhance Hong Kong’s gold storage capacity and refining capabilities. Strengthen local talent training and study the provision of further preferential policies for gold-related enterprises. Deepen cooperation between the local and mainland gold markets, actively promote interconnection, build a one-stop storage, trading, clearing and service center, and build an integrated gold ecosystem. Explore the development of RMB-denominated gold markets and commodity markets, strengthen cooperation with mainland exchanges such as the Shanghai Gold Exchange and Shanghai Futures Exchange, increase efforts to attract international investors, and increase RMB-priced products. B[Hong Kong: Support mainland and overseas industry leaders and high-quality emerging industry companies to list in Hong Kong] September 16th, according to the Hong Kong SAR News Government Gazette, the "First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030)" was announced today (September 16), which proposed optimizing the efficiency of the securities market. Strengthen the competitiveness of the listing system and improve the operational efficiency of the securities market infrastructure, and support mainland and overseas industry leaders and high-quality emerging industry companies to list in Hong Kong, including deepening the docking cooperation between the Hong Kong Stock Exchange and the Qianhai Equity Exchange Center, helping more high-quality mainland companies to connect with the international capital market through Hong Kong’s listing platform, and building a smoother and more efficient listing service. Improve and expand financial market interconnection mechanisms, expand emerging areas, give full play to the role of investment and financing platforms, and promote economic, trade, financial and infrastructure cooperation with emerging economies such as countries co-building the “Belt and Road” and the Global South.
— All loaded —
