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Innovative model helps rubber farmers reduce risks

来源: 证券日报 2019-12-23 10: 41: 26Source: Securities Daily

2019 is the historical converging period for China to win the battle against poverty and implement the strategy of rural rejuvenation. The Hainan Securities Regulatory Bureau has seriously implemented the relevant departments ’deployment and requirements for poverty alleviation, and improved the accuracy and effectiveness of the capital market in helping local poverty reduction efforts Good results.

Innovation model helps glue farmers reduce risks

Hainan is China's largest natural rubber production base, with rubber planting area of 8.11 million mu, accounting for 45% of the country. In 2017, Hainan Natural Rubber's "Insurance + Futures" Precision Poverty Alleviation Project was officially piloted in Hainan. During project development, insurance companies develop related insurance products based on the corresponding natural rubber futures prices on the futures market and the output data of the insured regions; rubber farmers purchase this insurance products to avoid corresponding price risks; and insurance companies purchase futures Company option products and reinsurance through reinsurance channels to hedge the risks of falling agricultural product prices and reduced crop production.

Analysts believe that the futures company's risk management subsidiary conducts a corresponding copy of the put option operation in the futures market to further diversify the risk, eventually forming a closed loop of risk diversification and the benefit of all parties. The above model uses a market-based approach to help rubber farmers reduce risks, It has played a significant role in alleviating poverty and promoting the sustainable development of China's natural rubber industry. For farmers, no matter the price rises or falls, they can protect their income, giving the poor rubber farmers a peace of mind and providing a guarantee for the industry to fight poverty. .

Since then, the "insurance + futures" project has developed rapidly. According to reports, the last issue of the institute has launched a natural rubber "insurance + futures" precision poverty alleviation project for three consecutive years since 2017, and has continued to expand its scale to help overcome poverty. Since 2017, Hainan Province has invested a total of 73.4 million yuan in the previous period, covering 6 impoverished cities and counties, including 5 state-level impoverished counties. In 2017 and 2018 alone, the number of poor rubber farmers who benefited from the project reached 28,000 households, of which about 15,000 were registered and registered, and the amount of compensation was 22.57 million yuan, with a compensation rate of more than 64%.

In 2019, the Shanghai Futures Exchange will launch natural rubber "insurance ten futures" projects in 6 counties (cities) in Hainan Baisha, Baoting, Lingao, Qiongzhong, Wuzhishan and Ledong, with a total of 30.6 million yuan in support funds to link natural rubber The spot is 340,000 tons, both of which are 41.67% higher than 2018. In addition, the Shanghai Stock Exchange Public Welfare Foundation and the two futures companies also plan to launch a total of 2,550 tons of natural rubber "insurance + futures" business in Ledong County, Baoting County, and Wuzhishan City. At the same time, a special fund of 8 million yuan was also invested to support the Haijiao Group in launching pilots for poverty alleviation in the over-the-counter options industry and to help the natural rubber industry develop steadily.

In the next step, Hainan Securities Regulatory Bureau will continue to strengthen organizational leadership, increase the promotion of key assistance projects such as natural rubber, further increase the contribution of the capital market to support poverty alleviation, and set Hainan as a new benchmark for comprehensively deepening reform in the new era. Lay a solid foundation.

Undertake multiple poverty alleviation projects

In addition to the "Insurance + Futures" project, the Hainan Securities Regulatory Bureau has also strengthened ties with relevant departments in the province and cities and counties, and organized thematic training to effectively disseminate the concept of the capital market for 4 enterprises registered in Hainan's national poverty-stricken counties. Provide financial services.

Under the call of the Hainan Securities Regulatory Bureau, listed companies in Hainan, new three-listed companies, securities and futures operating agencies, and intermediary agencies have all invested in Hainan's poverty alleviation work. In 2019, 33 units carried out 41 industrial assistance projects, 17 education assistance projects, and 26 people's livelihood assistance projects in Hainan's impoverished areas. They carried out 16 practical technical trainings and invested a total of 14.15 million yuan.

Under the organization of the Hainan Securities Regulatory Bureau, the Hainan Securities and Futures Industry has carried out more than ten assistance measures for the designated poverty alleviation villages-Chenkao Village, Da'an Town, Ledong County, Hainan Province, including the cultivation of rubber and betel nuts, cattle, bees and pheasants. Industry assistance such as farming, rural teacher training, financial aid for poor students, education dreams such as “dream class”, construction of loving water wells and bridges and culverts, and provision of free medical treatment for poor people such as livelihood assistance, local poor people ’s income and labor enthusiasm Continuous improvement and effective improvement of infrastructure. (Reporter Zhang Wenxiang)

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