Shanghai: Continuously enhance the radiation capacity of bulk commodity prices and gold benchmark prices, and expand the application scenarios of "Shanghai Gold"
Shanghai is enhancing its role as a global asset management hub by expanding the application of its "Shanghai Gold" benchmark and improving commodity price influence. The city plans to introduce new futures and options contracts, including those for liquefied natural gas, electricity, and computing power, to foster new quality productive forces. Additionally, Shanghai aims to optimize its government bond yield curve formation and promote the use of domestic interest rate benchmarks like Shanghai Interbank Offered Rate. AI
IMPACT Shanghai's focus on computing power futures could signal future demand and infrastructure development for AI.