Shanghai deputy secretary-general Zhu Min said at a Sept. 3 press briefing that during the 15th Five-Year Plan period the city will build a layered "Shanghai Price" by strengthening transaction pricing, transit/distribution and risk‑management functions. The initiative will prioritize established categories such as iron ore and copper, emerging areas including LNG, power and computing power, and potential sectors like hydrogen-based new energy. Policy measures include deepening futures‑spot link

Shanghai deputy secretary-general Zhu Min said at a Sept. 3 press briefing that during the 15th Five-Year Plan period the city will build a layered "Shanghai Price" by strengthening transaction pricing, transit/distribution and risk‑management functions. The initiative will prioritize established categories such as iron ore and copper, emerging areas including LNG, power and computing power, and potential sectors like hydrogen-based new energy. Policy measures include deepening futures‑spot linkage, expanding categories eligible for bonded warehouse receipt pledging, enhancing standard warehouse receipt trading and pledge functions, and broadening OTC bulk‑commodity derivative supply. Shanghai will accelerate internationalization of futures and options, open more contracts to foreign participation, and use construction of a "credit‑trade chain" to build a trusted commodity trading ecosystem and boost the influence of Shanghai Price.