On September 3, during a press briefing held by the Shanghai Municipal Government, Deputy Secretary-General Zhu Min announced that, throughout the 15th Five-Year Plan period, Shanghai is set to enhance its roles in transaction pricing, transit and distribution, and risk management. The city aims to construct a multi-layered 'Shanghai Price' mechanism encompassing key commodities such as iron ore and copper, burgeoning sectors like liquefied natural gas, electricity, and computing power, along with prospective areas such as hydrogen-based new energy. Shanghai will intensify the integration between futures and spot markets, broaden the range of pledging for bonded warehouse receipts, fortify trading pledges for standardized warehouse receipts, and diversify commodity derivatives. Concurrently, it will expedite the globalization of futures and options trading, encourage the introduction of additional trading varieties, and capitalize on the 'Credit Trade Chain' initiative to forge a reliable trading ecosystem for commodities, thereby amplifying the global clout of the 'Shanghai Price'.