The first session of the Shanghai Futures Exchange's Hedging Scheme Simulation Practice successfully held

Recently, the Shanghai Futures Exchange (referred to as SHFE) successfully held its first simulated practice activity for hedging schemes. The event focused on the difficulties and pain points of hedging for real economy enterprises, aiming to enhance the practical capabilities of futures companies in serving the real economy.

This event targeted the actual risk management needs of real enterprises, setting two main units: general scenarios and special scenarios. The general scenarios included risk exposures faced by industry-leading enterprises corresponding to 16 futures varieties, with futures companies designing hedging schemes for these exposures; the special scenarios involved each futures company selecting its partner enterprises to conduct full-process tracking of their production and operations, providing suitable hedging schemes. A total of 161 schemes were collected, including 89 from general scenarios and 72 from special scenarios. After a rigorous comprehensive review, 54 representative schemes were selected.

This event adhered to a service-oriented approach, focusing on the challenges and pain points present in enterprise hedging business and proposing targeted solutions. First, it accurately identified the needs of the real economy, deeply analyzing the difficulties and pain points in the practical operation of hedging for real enterprises to broaden their risk management thinking. Second, it refined professional service capabilities by facilitating direct communication and guidance between scenario enterprises and external experts, promoting a deep integration of theory and practice, and enhancing the design and operational capabilities of futures companies. Third, it gathered collective efforts for market development, receiving widespread attention from industry associations and listed companies, fostering mutual promotion between real enterprises and futures companies, and building a market service system that links futures and spot markets.

Next, SHFE will continue to collect and publish relevant case results, thereby deepening research related to serving the real economy, creating a favorable ecosystem for the deep integration of research and business, and working together with all market participants to continuously improve the quality and effectiveness of futures market services for the high-quality development of the real economy.

2025 Hedging Scheme Simulation Practice Activity Evaluation Results

(I) General Scenario Unit

Outstanding Schemes

Jinrui Futures (Copper), Changjiang Futures (Aluminum), Zheshang Futures (Zinc), Dongzheng Futures (Lead), Guotai Junan Futures (Nickel), Huabao Futures (Tin), Huatai Futures (Alumina), Huabao Futures (Rebar), Huishang Futures (Crude Oil), Maike Futures (Fuel Oil), Yinhe Futures (Petroleum Asphalt), Huawen Futures (Synthetic Rubber), Huawen Futures (Natural Rubber), Jianghai Huixin Futures (Pulp), Huatai Futures (SCFIS European Line)

Encouraging Schemes

China International Futures (Copper), Citic Construction Futures (Copper), Shanghai Zhongqi Futures (Copper), GF Futures (Copper), Zhengxin Futures (Aluminum), Dongwu Futures (Aluminum), Guotai Futures (Rebar), Everbright Futures (Rebar), Yide Futures (Rebar), Western Futures (Rebar), Donghang Futures (Crude Oil), Green Dahu Futures (Fuel Oil), Everbright Futures (Petroleum Asphalt), Zhongtai Futures (Natural Rubber), Huishang Futures (Natural Rubber), Dongzheng Futures (SCFIS European Line), Maike Futures (SCFIS European Line)

(II) Special Scenario Unit

Outstanding Schemes

Dongwu Futures (Copper), Shouchuang Futures (Aluminum), Huatai Futures (Rebar), Nanhua Futures (Petroleum Asphalt), Yinhe Futures (Synthetic Rubber), Dongzheng Futures (Natural Rubber)

Encouraging Schemes

Changan Futures (Copper), COFCO Futures (Copper), Hongyuan Futures (Copper),招商期货（铝）, Jinrui Futures (Aluminum), Xingye Futures (Alumina), Huabao Futures (Zinc), Guohai Liangshi Futures (Rebar), Zhongtai Futures (Rebar), Guoxin Futures (Rebar), Changjiang Futures (Rebar), Zhengxin Futures (Rebar), Yide Futures (Hot-Rolled Steel Sheet), Donghang Futures (Crude Oil), Citic Futures (No. 20 Rubber), Citic Construction Futures (SCFIS European Line)

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Editor: Li Tiemin