The world's first Apple futures traded in the Zheng business

Column：Company News Time：2018-01-12

The main producing areas of apple and China's key poverty-stricken areas are highly coincident with the cultivation of apples as an important source of income for local farmers. In recent years, apple prices have increased, the vast number of industrial enterprises and fruit farmers strong demand for hedging. Listing Apple futures, providing pricing and hedging tools to industrial enterprises and growers in poor areas, supporting the development of advantageous industries in poor areas and stabilizing incomes of farmers in impoverished areas are important measures for the capital market to serve the real economy and national strategic deployment to get rid of poverty.　　

China Apple Network (www.pingguo7.com) learned that, compared with other futures products, Apple Futures has three notable features. On the one hand, Apple Futures is "helping the poor." In the major producing areas of the apple such as the Loess Plateau, the Old Course of the Yellow River and the Bohai Bay, the main income of many poor peasants comes from the cultivation of apples. The listing of Apple Futures provides hedging tools to the majority of Apple industry enterprises and farmers and helps to stabilize the production and operation of industrial enterprises and ensure the stable income of farmers and help poverty-stricken areas to get out of their poverty. Apple Futures, on the other hand, is an "innovation fruit." Listed fresh fruit futures, there is no precedent in the world. Following the general rules of the futures market and combining with the actual spot market of apple, Zheng Shang made bold innovations in delivery mode and warehouse receipt formation to solve the problems in the design of Apple futures contracts and rules. In addition, Apple Futures is still a "fruit of efficiency." Apple futures from research and development to the market, only one year, is the shortest development cycle in recent years, futures products.

It is reported that since 2005, the price of apple in China has generally experienced the price fluctuation stage of four different characteristics during 2005-2010, the period of sharp fluctuation in 2011-2011, the period of steady increase in 2011-2014 and the price collapse in 2015-2016. "There are regular seasonal fluctuations in Apple's stock, the situation is not the same quarterly."

Cheng Hua-ping, chairman of the Board of Shang said at the listing ceremony, the next step, Zheng commercial firms will be for the characteristics of Apple Futures, do a good job related training, so that Apple industrial companies, professional cooperative organizations and growers understand futures, familiar with the futures, the correct and effective Use futures management risk to stabilize income. At the same time, closely follow the market operation, strengthen market monitoring and analysis, effectively prevent market risk. Late research will launch new derivatives such as Apple's options to further enhance the service capabilities of the main production and management of Apple.

(Source: Zhengzhou Evening News) [Original Topic: The world's first Apple futures traded in the Zheng business]

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