The Guangzhou Futures Exchange signed a tripartite cooperation framework agreement with Fudan University and the National Meteorological Information Center.

On January 10th, the Guangzhou Futures Exchange signed a trilateral cooperation framework agreement with Fudan University and the National Meteorological Information Center, and held a seminar. The relevant leaders of the three parties reached important consensus on promoting the innovation and practice of "Meteorology x Finance" and conducting research and development of weather derivatives. The leaders of the Guangzhou Futures Exchange stated that as an important place for risk management, the introduction of weather derivatives that meet the needs of the market is of great practical significance in helping weather-sensitive enterprises in new energy and other industries to hedge against weather fluctuations and serve the development of new quality productivity. As a national important financial infrastructure, the Guangzhou Futures Exchange will leverage its experience and advantages in green and innovative development, deepen practical cooperation with all parties, actively promote the research and application of weather derivatives, and provide strong support for meteorological risk management and the construction of a green financial system. In the next step, the three parties will further integrate resources, pool their efforts, promote the application of weather indices in the financial field, and jointly write a new chapter of Chinese-style modernization of financial meteorological services.