On May 10, 2017, our company successfully opened an option transaction account in CITIC FUTURES COMPANY, and fortunately, became the first entity account.

                      The picture is the on-site agreement signing made by GM Cheng Shujuan

     In 2015, the index option was successfully listed, and in 2016, the development of agricultural product option became the work emphasis of futures market and obtained significant progression; In December of 2016, the supervisory authority approved Zhengzhou Commodity Exchange to carry out white sugar option transactions; after years of efforts, the option has made many fruits, white sugar option contract began to transact successfully on Apr. 19.

     In the early days prior to opening option account, the Person-in-Charge of our staple commodity department Liu Yang and Ma Li attended the investor adequacy test made by futures company, and both passed the test with excellent grades.

     In the training and salon organized by CITIC FUTURES CO., LTD. and YIDE FUTURES CO., LTD., Liu Yang, as the guest, discussed in-depth with the specialists in the industry about the profound influence on white sugar transaction produced by the option listing, and concretely analyzed the new vision of option listing on our white sugar transaction in relation with our concrete condition and the future development prospect, making sufficient preparation for our option transaction.

     In a completed financial market, option is the indispensable part. White sugar option plays an important role in the aspects of improving the market system of agricultural product derivatives, perfecting the forming mechanism of agricultural product price and enriching the risk management tools of agriculture-related enterprises, and its listing will further enhance the entity economy of future market service and “Agriculture, Rural areas and Peasants” capability. In terms of sugar trade, option tool opens another road for transferring price risk and obtaining profits.

      We believe that our company will make greater achievement in white sugar domain in future under the guarantee of option tools!