On the afternoon of Feb. 11, Ms. Gao Xiaozhen, Vice General Manager of Dalian Commodity Exchange, together with Mr. Zhang Yingjun, the Transaction Director, and Mr. Zhang Lishu, the Transaction Manager, visited School of Management.
Prof. Wang Shouyang, Executive Dean of School of Management, received the visitors warmly. Both sides held a friendly talk.
The guests first visited the Decision Theatre, and then they listened to three reports made respectively by Ms. Shangwei, Ms. Bao Qin and Mr. Lu Fengbin. They introduced what CAS had done on economic analysis and forecasting, the construction of the platform, and research methods adopted, etc. Mr. Xu Jianchayuan， the Dean’s Assistant, introduced EDP Center of the School of Management. He hoped to develop joint research and training with Dalian Commodity Exchange in world commodity, grain yield prediction, and big data analysis.
Gao Xiaozhen also introduced the business of Dalian Commodity Exchange and talked about their demands for cooperation. The talk enhanced understanding between each other and laid a solid foundation for the future cooperation between School of Management and Dalian Commodity Exchange.
Background information:
Founded on February 28, 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council, and also the only futures exchange in Northeast China. Upon approval by the CSRC, Currently DCE has listed a total of 16 futures products, including corn, corn starch, No. 1 soybean, No. 2 soybean, soybean meal, soybean oil, RBD palm olein, egg, fiberboard, blockboard, linear low density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene (PP), coke, coking coal and iron ore.
In more than 2 decades since its establishment, DCE has grown into an important futures trading center in China with standardized operation and steady growth. By the end of 2014, DCE had 170 member companies and 193 designated delivery warehouses. In 2014, DCE achieved 770 million contracts and RMB 41.5 trillion (on a unilateral basis) in trading volume and turnover, respectively. According to the Futures Industry Association (FIA) of the U.S., DCE’s trading volume ranked 11th out of the global leading derivative exchanges in 2013.
