Zhengzhou Commodity Exchange (ZCE; ), established in 1990, is a

futures exchange A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or f ...

Zhengzhou Zhengzhou (; ), also spelt Zheng Zhou and alternatively romanized as Chengchow, is the capital and largest city of Henan Province in the central part of the People's Republic of China. Located in north-central Henan, it is one of the National ...

, one of the four futures exchanges in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. The ZCE is under the vertical management of

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was ...

(CSRC).

Products

ZCE specializes in agricultural and chemical product futures, including hard white wheat, strong gluten wheat,

sugar Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose, fructose, and galactose. Compound sugars, also called disaccharides or double ...

cotton Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus ''Gossypium'' in the mallow family Malvaceae. The fiber is almost pure cellulose, and can contain minor perce ...

rapeseed oil Close-up of canola blooms Canola flower Rapeseed oil is one of the oldest known vegetable oils. There are both edible and industrial forms produced from rapeseed, the seed of several cultivars of the plant family Brassicaceae. Historically, i ...

and PTA, a petroleum-based chemical product.

History

Zhengzhou Commodity Exchange was the first experimental

futures market A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or fi ...

approved by the State Council, established on October 12, 1990. The ZCE, which started with forward contract trading, launched its first futures contracts on five agricultural products - wheat, corn, soybean, green bean and sesame on May 28, 1993. 1988 - Research Group of China Zhengzhou Grain and Oil Futures Market was set up. 1990 - China Zhengzhou Grain Wholesale Market (CZGWM) was approved to run on an experimental basis by the State Council. 1991 - In March 1991, China 's first forward contract was signed under the organization and supervision of CZGWM. 1992 - Vice Premier

Zhu Rongji Zhu Rongji (; IPA: ; born 23 October 1928) is a retired Chinese politician who served as Premier of the People's Republic of China from 1998 to 2003 and CCP Politburo Standing Committee member from 1992 to 2002 along with the Chinese Communist ...

inspected CZGWM. 1993 - CZCE launched futures contracts including wheat, corn, soybean, green bean (mung bean) and sesame. 1994 - The contracts of peanut kernel, soybean meal, red bean were introduced, and afternoon session was opened. 1996 -

Jiang Zemin Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as chairman of the Central Military Commission from 1989 to 2004, and as pres ...

, General Secretary of the Central Committee of the Chinese Communist Party (CCP), President of the People's Republic of China (PRC) and Chairman of the Central Military Commission, inspected CZCE. 2001 - ZCE and ZCGWM were separated into two independent organizations. 2003 - The trading volume of 2003 was 49.82 million contracts, up 17.3 percent from the previous year. 2006 - White sugar futures contracts were launched at ZCE, and ZCE sponsored the 1st China (Shenzhen) Sugar Industry Peak Forum. 2009 - ZCE held opening-bell ceremony of early indica rice futures.

External links

Official Website of the ZCE

Zhengzhou Financial services companies established in 1990 Commodity exchanges in China {{Stockexchange-stub

Products

History

See also

External links