On August 29, 2014, co-sponsored by Dalian Commodity Exchange (DCE) and Liaoning Province branch of Bank of China (BOC) and specially supported by Liaoning Province Finance Office, the “Seminar on Financial Service for Coal-Coke-Steel Industry Chain” was held in Anshan, Liaoning Province. Attending the seminar were the officials of DCE, Liaoning Province branch of BOC and Liaoning Province Finance Office, and more than 100 representatives from 50 major enterprises of the coal, coke and steel industries nationwide and in Liaoning province were also present at invitation.
At the seminar, the experts from China Metallurgical Industry Planning and Research Institute, Trade Finance Department of the head office of BOC, BOC International, DCE and SDIC CGOG Futures delivered keynote speeches, analyzing and briefing on the market situation and policies of the iron and steel industry, the products and services of BOC Group, the operation of the coal, coke and steel futures, how the enterprises use the futures market in risk management and other topics, in which way to provide the coal, coke and steel enterprises with effective means and suggestions for avoiding risks and achieving profits.
In the current situation of the downward cycle and difficult operation of the enterprises in the coal, coke and steel industries, with the aim of providing the substantive financial services for the real economy, the seminar plays a positive role in helping the enterprises analyze the business situation and use the trade financial products and futures and spot instruments to manage the operational risks. This form of meeting is a useful attempt to push the financial industry to support the coal-coke-steel industry chain in healthy, sustained and rapid development as well as an important manifestation of the financial institutions undertaking the social responsibilities and serving the real economy, with the contents of the seminar extensively recognized and well received by the participating industrial clients. The meeting also sets a new standard for banking and futures sectors cooperating to serve the real economy. In the next stage, BOC and DCE will deepen the cooperation in serving the oils and oil seeds, petroleum and petrochemistry and other industrial fields.