The research and development cooperation
China Paper Association and the Shanghai Futures Exchange has signed a strategic cooperation framework agreement in Shanghai. Agreement clearly, both sides will derivative futures pulp and paper products in the research and development work carried out multi-faceted cooperation, the establishment of a comprehensive strategic partnership, for market-oriented reforms of the pulp industry, pulp and industrial upgrading services. The signing means the Shanghai Futures Exchange, China Paper Association in cooperation with the pulp futures research into the steady implementation phase. According to the agreement, both sides will follow the "honesty, equality and mutual benefit, long-term cooperation and common development" principle, in close cooperation in product innovation, research, market training, industrial services, resource sharing, common development, efforts to improve the futures market active role in the service of pulp, paper and the real economy. Paper industry is one of the important basic raw materials industry of the national economy, China's paper production and consumption are currently ranked first in the world, is an important raw material for paper and pulp industry, in recent years, China has become the largest net importer of pulp. Therefore, in order to boost long-term stable development of the pulp market, the timely introduction of pulp futures, the futures market to play the price discovery and hedging functions, to fill the gaps in our pulp futures, hedging tool for related industries to provide enterprises with important practical significance. China Paper Association, vice chairman and secretary general Zhao Wei, deputy general manager of the Shanghai Futures Exchange, Shanghai Futures Institute and the Executive Dean of derivatives and other related products HUO attended the signing ceremony.