Wang Zhenying, Business Manager of Shanghai Clearing House delivers his report of Develop centralized clearing business of bulk commodities with high quality, and escort the upgrading of petrochemical industry system

The report is divided into three parts:

First, introduction of Shanghai Clearing House.  Mr. Wang first introduced the general situation of Shanghai Clearing House, develops framework with centralized clearing business and issuance and custody business as the two pillars, and explained to us the overall situation of commodity centralized clearing business.

Second, central counterparty clearing service for commodity derivatives. From the aspects of chemical swap product sequence, chemical swap agreement elements and chemical swap participants, the business process of commodity derivative business is introduced in detail.

Third, Bulk commodity spot clearing business. First of all, Mr. Wang  introduces the basic situation and participants of commodity clearing, and then introduces the business process and business characteristics of commodity spot settlement business. it is pointed out that the online financing service built by Shanghai Clearing House in cooperation with commercial banks and commodity spot platform for spot trade of small and medium-sized and micro-entity enterprises in the commodity industry chain is MEG.