The China Financial Futures Exchange (CFFEX), 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 ...
established in
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
on September 8, 2006—with the approval of the State Council and the authorization of
China Securities Regulatory Commission (CSRC). It is a
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...
of the
Zhengzhou Commodity Exchange
Zhengzhou Commodity Exchange (ZCE; ), established in 1990, is a futures exchange in Zhengzhou, one of the four futures exchanges in China. The ZCE is under the vertical management of China Securities Regulatory Commission (CSRC).
Products
ZCE sp ...
,
Shenzhen Stock Exchange and the
Shanghai Futures Exchange.
Following the principle of higher starting point and higher standard, CFFEX constructed an electronic market which follows the trend of global development. Also CFFEX has a unique multi-tiered members'
clearing system, strict
risk management policy and an organization structure like a corporation to improve its competitive strength and development potential.
In early 2008, it launched the
CSI 300
The CSI 300 () is a Capitalization-weighted index, capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes ...
index futures, the first contract of CFFEX. Later, CFFEX introduced government bond futures and futures on the
SSE 50 Index and the CSI 500 Index. The exchange has plans for other financial
derivatives such as other index futures, index options, and currency futures. CFFEX launched its first product by conducting trading systems testing and running a series of programs to educate investors about risks.
References
External links
China Financial Futures Exchange- Official Website
{{World Federation of Exchanges
Financial services companies established in 2006
Commodity exchanges in China
Futures exchanges
Chinese companies established in 2006