Jia Xiaolong, General Manager of Nanhua Futures: The gradual opening of the futures market to the outside world is an inevitable requirement for building a "dual circulation" development pattern.

On May 21, the 8th West Lake Conference hosted by the Securities Times was held in Hangzhou. At the "Empowering New Productivity with Large Asset Management" summit forum, Jia Xiaolong, CEO of Nanhua Futures, stated that with the development of overseas trade in bulk commodities, the hedging demand of enterprises overseas is gradually increasing. The gradual opening up of the Chinese futures market to the outside world is an important engine for enhancing the pricing influence of bulk commodities in China, enhancing resource allocation capabilities, promoting the internationalization of the Renminbi, and also a necessary requirement for serving the risk management needs of the real economy, maintaining national economic security, and building a "dual circulation" development pattern. In response to this historical trend, Nanhua Futures has established wholly-owned subsidiaries in Hong Kong, Singapore, Chicago, and London, and obtained a total of eleven clearing licenses from global core exchanges including CME, LME, HKEX, and SGX, forming a 24-hour trading system across the three time zones of Asia, North America, and Europe, and building a complete domestic and foreign customer trading settlement service system. By relying on the layout of the company's global clearing network, we deeply implement the national Belt and Road Initiative, focusing on the risk management needs of industrial enterprises in the overseas markets for commodities such as black, metals, iron ore, energy, and agricultural products, continuously enhancing our own service capabilities. As of now, the proportion of institutional clients' equity in the client structure of Nanhua International has increased from 43.26% in 2019 to 85.81% in 2024, and the trading volume has increased from 38 million lots to 120 million lots.