Sinopec announced on its official Weibo that Sinopec Chaoyang Risk Management Co., Ltd. (hereinafter referred to as Chaoyang Risk Management Company) was formally established in Shanghai on June 28.Gate Valve, According to various reports from the Futures Daily reporter, Chaoyang Risk Management Company was established by Shanghai Gate Valve, Zheshi Futures Broker Co., Ltd. (hereinafter referred to as Zheshi Futures), a wholly-owned futures brokerage company of Sinopec Group. According to sources,Gate Valve, Chaoyang Risk Management Co., Ltd. has registered for industry and commerce yesterday and has not yet filed with the China Futures Association (hereinafter referred to as the Mid-term Association).Gate Valve, The company will submit filing materials to the Mid-term Association in the near future.
The relevant recruitment announcement issued by Sinopec shows that the registered capital of Chaoyang Risk Management Company is 300 million yuan.Gate Valve, The company will base on the main business of the service group and provide professional, customized, Timely and effective hedging, price locking, inventory management, and other current services, and strive to build a "commodity investment bank", the company's raw materials, finished product price fluctuation risks into tradable risk pricing products to help companies Eliminate abnormal price fluctuations, large market oscillations and inventory impairment risks, grasp pricing initiative, and lock in reasonable operating profits.Gate Valve.
Regarding Sinopec's official channel to publish the recruitment information of the company's "grandchildren" companies, professionals in the futures industry said that it can show Sinopec's support for the futures company Zheshi Futures to set up a risk management company to a certain extent,Gate Valve, but everyone may interpret it as "too much" Forced".
Affected by the epidemic, the price of international crude oil fluctuated greatly in the first half of this year, and even fell to a negative value. The global commodity prices fluctuated sharply. The futures derivatives market can play an active role in helping entities predict trends, lock in procurement costs and sales profits, reduce capital occupancy, ensure raw material quality, increase product brand value, and improve credit status. In fact, in recent years, as the variety of the futures market has increased and the service capabilities of the futures industry have improved,gate valve, more and more companies have begun to taste the "sweetness" of using derivative instruments to improve production and operation.
Against this background, domestic companies are paying more and more attention to using futures and derivatives to avoid risks and optimize their business operations. Many listed companies also issued announcements in the first half of the year that they plan to carry out hedging business. "Sinopec, as the largest supplier of refined oil and petrochemical products in China, the second largest oil and gas producer, as well as the world's largest oil refining company and third largest chemical company, supports the establishment of risk management companies by its futures companies, and pays attention to participating in the futures market. Very normal."gate valve, A person in the chemical industry told reporters.
From the perspective of the industry of risk management companies,gate valve, risk management companies have been an important focus of the entire financial market since its establishment more than 7 years ago.gate valve, In recent years, risk management companies have continued to explore and innovate on the basis of consolidating basic business, and constantly optimize the mode of serving the real economy. gate valve,Many companies that lack the conditions to participate directly in the futures market use the products and services of the risk management company to indirectly use the futures market tools to integrate hedging and income-increasing means into their daily operations.
On the one hand, the risk management company industry has become one of the few main bodies in the financial industry that are directly connected to the “ground” and directly explore supply chain finance.Gate Valve, Through the business and services of the risk management company, capital can really flow into the real economy and even the real enterprise. On the other hand, the risk management company is the "first force" for futures companies to expand from brokerage business to derivatives business. The profitability of some head companies has begun to make up for the income gap of futures companies to some extent. The shareholders and shareholder groups of many risk management companies pay more and more attention to it.
"At this stage, most of the business of risk management companies is capital-consuming, and business advancement will inevitably be accompanied by an increase in capital investment.Gate Valve, Moreover, industrial resources, especially spot channels, are also the weak points of most risk management companies. Each company's team capacity,gate valve, shareholders Factors such as resources have diverged in development, and the gap between companies has gradually widened." Gate Valve,Industry sources said, while Chaoyang Risk Management Company, a subsidiary of Zheshi Futures, with the support of shareholders, may have both capital and industrial resources in the future. Very strong advantage.
In addition,Gate Valve Sinopec also mentioned in the recruitment announcement that as a reform pilot unit of Sinopec Group's capital finance and support sector, Chaoyang Company adopts a market-oriented and professional management mechanism, and its organization, human resources, and incentive assessment are market-oriented. The company will establish a market-based salary incentive and assessment system, set a competitive salary level, and implement incentive constraints and exit mechanisms for revenue sharing and risk sharing. The above-mentioned risk management company industry believes that this will attract all kinds of excellent talents to a certain extent, and help risk management companies develop towards a talent-based smart-intensive and capital-based resource-intensive complex, driven by wisdom Resources, seeking a more optimal configuration.
