June 9 at 10:24, China (Shandong) International Commodity Exchange and Cooperation Conference, Shandong International Commodity Trading Market in the Qingdao area of the Shandong Pilot Free Trade Zone was officially launched.
In just three minutes, the trading volume exceeded 18,000 tons, and the transaction amount exceeded 180 million yuan, showing great vitality and potential.
The Shandong International Commodity Trading Market was launched in Qingdao Free Trade Zone, which is not only in line with the trend, but also to make up for the missing link, which will build a new platform for the exchange and cooperation between financial capital and real economy in the commodity market.
Create a Trade Market System
It is reported that the platform focused on cultivating light cycle oil, cotton, rubber and other major trading varieties. In the future, we will continue to diversify into non-ferrous metals, agricultural products, energy and chemical products, and industrial products.
In terms of trading mode, the platform initially launched three kinds of spot trading modes, namely, electronic warehouse receipt listing trading, spot bidding trading and spot price trading. In the future, if the domestic policy allows, we will refer to domestic and foreign advanced trading models to lay the foundation for building a multi-level, multi-category, multi-model commodity trading venue.
A Key Step From Transport Port to Trade Port
From a transport port to a trade port, Qingdao allocated resources in a larger market space, which is one of the effective ways to give full play to the effects of the port.
Qingdao is trying to get closer to this goal through commodity trading. Shandong International Commodity Trading Market is located in Qingdao Free Trade Zone, which will provide more assistance to Qingdao's high-quality development.
Focusing on the construction of international shipping, trade and financial innovation center, Qingdao Free Trade Zone leverages shipping with trade to realize the free flow of people, logistics, capital, information, technology and other factors.
One market and one center, separated by a bay, show the determination and effectiveness of Qingdao's efforts to build an international shipping, trade and financial innovation center.
Qingdao is marking its position in the international coordinates of commodity trading by enhancing its ability to allocate resources and improving its global influence on the allocation of capital, information, technology, talents, goods and other factors.
(By Fanying)
