Zheng Shang Institute: Speeding up Coffee Futures Research and Development to Assist Precision Poverty Alleviation

On March 21, 2017, Zhengzhou Commodity Exchange and Yunnan Securities Regulatory Bureau held a forum on the feasibility of coffee futures in Kunming to solicit opinions and suggestions on the feasibility of listing coffee futures. Qin Quanjin, deputy general manager of Zheng Shang Institute, Qi Li, deputy director of Yunnan Securities Supervision Bureau, and responsible persons of Yunnan Biology, Hongta Futures and other related institutions attended the meeting.

At the meeting, Zheng Shang Institute introduced the progress of research and development of coffee futures. After discussion, participants agreed that listed coffee futures are of great significance to China's coffee industry, and the current listed coffee futures also have a certain feasibility. Qi Li, deputy director of the Yunnan Securities Regulatory Bureau, said that Yunnan is a major coffee producing province in China, accounting for 99% of the country's output. Coffee cultivation is mainly concentrated in poor counties in Yunnan, which has become one of the important sources of income for local farmers. Listed coffee futures will help farmers guard against the risks caused by price fluctuations, ensure stable income, and play an important role in "accurate poverty alleviation and accurate poverty alleviation". Hope that Zheng Shang can speed up the progress of research and development and launch coffee futures as soon as possible.

Qin Quanjin, deputy general manager of Zheng Shang Institute, said that Zheng Shangsuo will conscientiously do a good job in market research, jointly with relevant institutions to conduct research and development, speed up the research and development process, design a coffee futures contract system that meets the needs of the industry, and promote the stability of farmers' income, help Yunnan poverty alleviation work, and better promote the futures market to serve the real economy.