Recently, the CSRC approved Zhengzhou Commodity Exchange (hereinafter referred to as Zhengshang Institute) to carry out apple futures trading, and the apple futures contract will be listed and traded on Zhengshang Institute on February 22, 2007.

"The development of Apple futures trading is an important measure for the CSRC to implement the strategic deployment of poverty alleviation, and it is also an important arrangement for the futures market to support economic development in poverty-stricken areas and serve the real economy." Chang Depeng, spokesman of China Securities Regulatory Commission, said at the regular press conference on February 8, 65438 that apple is a natural fruit of poverty alleviation, and its main producing areas are highly coincident with key poverty alleviation areas in China. Apple cultivation is an important source of income for local farmers.

Chang Depeng pointed out that after the listing of Apple Futures, it will help to form an open and transparent apple market price, improve the price formation mechanism and provide price guidance for all parties in the market; It can provide hedging and price risk prevention tools for the market and stabilize the production and operation of industrial enterprises; Taking the futures market as a bridge, through the modes of "company+cooperative+farmer", "futures+order" and "insurance+futures", the risks of planting, production and operation are effectively transferred, the income of farmers is guaranteed to be stable, the national poverty alleviation strategy is served, and the goal of accurate poverty alleviation in the main apple producing areas is realized. In addition, the listing of Apple Futures further enriches the variety system of the futures market and broadens the breadth of the futures market serving the national economy.

According to the exposure draft of apple futures contract of Zhengshang Institute, the trading unit of apple futures contract is 10 ton/lot, the minimum change unit is 1 yuan/ton, and the minimum margin is 7% of the contract value.

At the recent public forum, Zhang Shenfeng, assistant chairman of the CSRC, put forward five requirements for the next poverty alleviation work. First, strengthen the propaganda of poverty alleviation policies in the capital market, adhere to the principle of marketization, and expand the poverty alleviation effect of policies; Second, it is necessary to give full play to the advantages of industry scale, integrate the resources of industry associations, exchanges and intermediaries, form a joint effort to help the poor, and closely combine local conditions to help the poor and get rid of poverty accurately; Third, cadres on attachment should improve their political position, be sympathetic to poverty alleviation, be brave in taking responsibility, further improve their work style, and be good staff assistants for scientific decision-making by their units and local governments; Fourth, designated poverty alleviation units should provide strong guarantee and support for cadres on attachment, and at the same time play a good role in inspection and guidance of front-line work; Fifth, all parties concerned should pay attention to communication from top to bottom, from left to right, enjoy experience, gather collective wisdom, publicize widely, and constantly push the designated poverty alleviation work to a new level.