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China Futures Market
Futures markets in mainland China, initially deployed in 1990, have quickly established rapid growth as a result of transition to a market economy. History In October 1990, China Zhengzhou Grain Wholesale Market was established in Zhengzhou, Henan Province. This is the first time that futures trading was introduced in China. Soon China's futures market started to boom. After more than 20 years development, China's commodities futures market has become one of the world's largest. Up to the end of 2011, there are 29 exchange traded futures products in China, more than 10 commodities such as corn, wheat, copper, steel, etc. and the total trading volume exceeded 300 trillion. Futures exchanges in China There are four futures exchanges in China. Zhengzhou Commodity Exchange (ZCE, established in 1993), Dalian Commodity Exchange (DCE, established in February, 1993), Shanghai Futures Exchange (SHFE, established in 1999), and China Financial Futures Exchange (CFFEX, established in Shangh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Republic Of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futures Trading
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the long position holder and the selling party is said to be the short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both parties lodging as security a margin of the value of the contract with a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts. Futures exchanges can be organized as non-profit member-owned organizations or as for-profit organizations. Futures exchanges can be integrated under the same brand name or organization with other types of exchanges, such as stock markets, options markets, and bond markets. Non-profit member-owned futures exchanges benefit their members, who earn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 specializes in agricultural and chemical product futures, including hard white wheat, strong gluten wheat, sugar, cotton, rapeseed oil and PTA, a petroleum-based chemical product. History Zhengzhou Commodity Exchange was the first experimental futures market 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 fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dalian Commodity Exchange
The Dalian Commodity Exchange (DCE) () is a Chinese futures exchange based in Dalian, Liaoning province, China. It is a non-profit, self-regulating and membership legal entity established on February 28, 1993. Dalian Commodity Exchange trades in futures contracts underlined by a variety of agricultural and industrial produce on a national scale. As of 2015, DCE has listed a total of 16 futures products, including corn, corn starch, soybean (gmo and non-gmo), soybean meal, soybean oil, RBD palm olein, egg, fiberboard, blockboard, linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene (PP), coke, coking coal and iron ore. Normal trading hours are Monday-Friday from 9am to 11:30am and 1:30pm to 3pm Beijing Time. Structure and function The exchange has the deepest liquidity pool among all Chinese Commodity Futures Exchanges. According to the Futures Industry Association, the bourse has been the largest mainland futures exchange by volume for eight years, h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai Futures Exchange
The Shanghai Futures Exchange (SHFE; ) was formed from the amalgamation of the national level futures exchanges of China, the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated body regulated by the China Securities Regulatory Commission. The trading floor is located in Lujiazui, in the Pudong district of Shanghai. It currently trades futures contracts in copper, aluminium, zinc, natural rubber, fuel oil, and gold. Shanghai Metal Exchange The Shanghai Metal Exchange (SHME), was established on 28 May 1992. SHME is a non-profit, self-regulating corporation. The exchange was created for trading in non-ferrous metals and currently contracts for several non-ferrous metals including copper, aluminum, lead, zinc, tin, nickel. SHME is located in the city of Shanghai and its geographical location bridges the time gap between London Metal Exchange and New York Mercantile Exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Financial Futures Exchange
The China Financial Futures Exchange (CFFEX), is a futures exchange established in Shanghai 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 of the Zhengzhou Commodity Exchange, 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 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 The derivative of a function is the rate o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABN AMRO
ABN or abn may refer to: Companies * ABN AMRO Group, a Dutch bank group * ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank * Algemene Bank Nederland, a now-defunct Dutch bank Radio, news and television organizations * ABN Andhra Jyothi, a Telugu language news channel based in India * Agri Broadcast Network, an Ohio-based agricultural radio news network * ABN (TV station), the Australian Broadcasting Corporation's Sydney TV station * ABNXcess, the sole cable television operator in Malaysia * Asahi Broadcasting Nagano, a TV station in Nagano Prefecture, Japan * Asia Business News a now-defunct business news channel * Agencia Bolivariana de Noticias, the national news agency of Venezuela * Avivamiento Broadcasting Network, a religious local TV station in Bogotá, Colombia * AMCARA Broadcasting Network, an Philippine-based broadcast company in Quezon City, Philippines Other organizations * Alaska Board of Nursing, the regional board of nurses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.774 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important bank by the Financial Stability Board. As a " Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, wealth managemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a " revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by '' Fortune'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ... (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was passed December 1998, and became effective July 1, 1999. It is the nation's first comprehensive securities legislation, and grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities relate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
