KUALA LUMPUR, Jan 4 (Bernama) – On the same day the trading centre for Hainan international tropical agricultural products was inaugurated in Haikou in December, the Xinhua-HSF natural rubber series price indexes were released.
Compiled jointly by the China Economic Information Service (CEIS) of Xinhua News Agency and Hainan State Farms Investment Holdings Group Co Ltd (HSF), it is China's first price index system which integrates rubber production and sales.
In a statement today, CEIS vice president, Su Huizhi, said that the natural rubber series price indexes realise the combination of big data and related industries which will gradually form a credible value benchmark for natural rubber by collecting and refining large amounts of market data to improve transaction efficiency and credibility.
At present, HSF has extensive economic and trade cooperation with countries along the Belt and Road routes including Thailand, Malaysia, Singapore, Cambodia and Sierra Leone, and become the world's first multinational company with the largest area of rubber planting and trade volume.
HSF chairman, Yang Sitao, said that the trading centre for Hainan international tropical agricultural products will continuously improve the trading mechanism, strengthen the digital platform and optimise the mode of service so as to introduce more tropical agricultural products from Hainan and overseas countries onto the platform for trading.
-- BERNAMA
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