About SHFE & INE
Currently there are 16 futures contracts and 5 commodity options available for trading on Shanghai Futures Exchange (hereinafter referred to as SHFE). Until present, SHFE has 198 Members, among which FF Members account for nearly 75%. Among the listed products of SHFE, the copper futures have ranked among world's 3 most influential copper futures market, and also formed a complete nonferrous metals product range with aluminum, zinc, lead, nickel and tin futures to satisfy the needs of physical industries pretty well.
The Shanghai International Energy Exchange (hereinafter referred to as INE), a subsidiary of SHFE designed for both domestic and overseas investors, has launched 4 international products – Crude Oil, TSR 20, Low Sulfur Fuel Oil and Bonded Copper futures as an effort to expand the opening-up and globalization of China's futures market.
China Financial Futures Exchange (hereinafter referred to as CFFEX) is an incorporated exchange specializing in providing trading and clearing services for financial futures, options and other derivatives established on September 8, 2006.
By the end of May, 2020, CFFEX has listed 4 Equity Index products (CSI 300 Index Futures, CSI 500 Index Futures, SSE 50 Index Futures and CSI 300 Index Options) and 3 Interest Rates products (2-year Treasury Bond Futures, 5- year Treasury Bond Futures and 10- year Treasury Bond Futures). Though no international products so far, CFFEX is advancing its opening-up course by joining international futures industry associations, signing MOUs and strengthening cooperation with major overseas exchanges.
Founded in 1993, Dalian Commodity Exchange (hereinafter referred to as DCE) has already become one of the world's largest agricultural futures market as well as the largest futures market for plastics, coal, and iron ore. It is also an important futures trading center in China. By the end of May, 2020, a total of 21 futures and 7 options products have been listed for trading in DCE, including 2 international futures products, Iron Ore and RBD Palm Olein, which leads the global market in terms of trading volume and trading turnover.
In 2019, DCE' s annual trading volume reached 1,331 million lots, with an annual increase of 38%. Its turnover totaled RMB 68.92 trillion in 2019, up by 32% from 2018.
Zhengzhou Commodity Exchange (hereinafter referred to as ZCE) was founded in October 1990. ZCE has launched 22 futures products that include 1 international product - PTA futures, and 6 options products.
By the end of March 2020, ZCE realized a year-on-year growth of 7.88% in trading volume to 0.25 billion contracts, and a year-on-year growth of 9.08% in notional value to RMB 8.76 trillion. ZCE has well-functioning electronic systems for trading, delivery, settlement, risk monitoring, information release and member services. Members and investors can trade futures through a remote trading system. Market data is simultaneously released to domestic and foreign markets through a number of quotation systems, including Reuters, Bloomberg, and Shihua Information.