Guangxi Institute: Actively promote the research and application of weather derivatives.

According to the news from Guangzhou Futures Exchange, on January 10th, the exchange signed a tripartite cooperation framework agreement with Fudan University and the National Meteorological Information Center, and held a symposium. The relevant officials from the three parties reached an important consensus on promoting the innovation practice of "meteorology x finance" and conducting research and development of weather-related derivatives. The relevant person in charge of Guangzhou Futures Exchange stated that as an important place for risk management, the futures market launching weather derivatives that meet market needs is of great practical significance for helping weather-sensitive enterprises such as new energy companies to avoid weather volatility risks and serve the development of new productive forces. As a national important financial infrastructure, Guangzhou Futures Exchange will leverage its experience and advantages in green innovation and development, deepen practical cooperation with all parties, actively promote the research and application of weather derivatives, and provide strong support for meteorological risk management and the construction of a green financial system.