The hottest Tianjiao insurance futures benefit 14

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Tianjiao "insurance + futures" has benefited 14 poor counties. On November 22, He Jun, deputy general manager of the previous period Institute, said at the 2017 Sina Jinqilin forum held in Beijing that since the previous period Institute comprehensively launched the natural rubber "insurance + futures" targeted poverty alleviation pilot project in March this year, 39.6 million yuan has been invested in 23 pilot projects, involving a natural rubber planting area of about 400000 mu. "Insurance + futures" has found an effective way for farmers to avoid the price risk of agricultural products

the main rubber planting areas in China are concentrated in Yunnan and Hainan, mostly border areas, ethnic minority areas and national poverty-stricken counties. Rubber planting is the main economic source of most rubber farmers and the hope of local poverty alleviation. However, the spot price of natural rubber fluctuates obviously. As soon as the price falls, farmers' income will be greatly affected, and even the phenomenon of cutting and pipe abandonment will occur. How to help a large and scattered number of poor rubber farmers avoid the risks brought by the fluctuation of rubber prices, stabilize their income, and ensure their enthusiasm for production is not only a problem related to the development of China's rubber industry, but also a major matter related to the livelihood of the majority of rubber farmers and their poverty alleviation and prosperity

He Jun said that the "insurance + futures" of the last futures exchange combines "insurance", which is familiar to rubber farmers and convenient for Oxford performance materials (OPM), to develop two oxfab3d printing materials for aerospace and industrial manufacturing markets: oxfab-n and oxfab-esd, which are understood in financial forms, with "futures", a financial instrument with strong professionalism and high risk management efficiency, Find an effective way to avoid the price risk of agricultural products for the general rubber farmers

it is worth mentioning that the natural rubber "insurance + futures" of the last period highlighted targeted poverty alleviation. 23 pilot projects were concentrated in 14 poor counties announced by Xinda Xincai in Hainan and Yunnan, of which 12 were national poor counties. Most of the direct beneficiaries of the project were poor households with registered cards and poor people of ethnic minorities. In order to do a good job in project management, the last period exchange took the initiative to communicate with local governments, CIRC and CSRC, actively coordinate with insurance companies and futures companies, and also opened a special trading account for futures companies participating in the project to track and monitor the operation throughout the process, so as to ensure the normal operation of the project

nearly half of the "insurance + futures" pilot projects of the exchange last year have been completed, and the rest will be completed by the end of November. The projects in Qiongzhong County of Hainan and Gengma, Yongde, Cangyuan, Ning'er, Jiangcheng and other counties of Yunnan have already generated actual compensation, with a total compensation of more than 7 million yuan, benefiting 16 ethnic minorities such as Li and Miao in Hainan and Wa, Dai, Hani, De'ang in Yunnan, and more than 1000 registered poverty-stricken households

He Jun said that the Institute will increase its support for the project in the previous period next year, further expand the number of beneficiaries and cover the planting area. Next year's plan will have more space for futures companies to give full play to their professional advantages. Chinalco Luoyang copper is guided by market demand and supports insurance companies to design more flexible insurance and claim settlement plans. This is conducive to maximizing the utility of support funds, so as to maximize the interests of rubber farmers. At the same time, the exchange will also actively strive for government support, promote the transformation of "insurance + futures" to policy oriented agricultural insurance, and establish a long-term sustainable mechanism

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