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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 o ...
in
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 Nationa ...
, 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 List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
. 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 do ...
,
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 pe ...
,
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. Historicall ...
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 ...
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 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 p ...
, 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.


See also

*
List of futures exchanges This is a list of notable futures exchanges. Those stock exchanges that also offer trading in futures contracts besides trading in securities are listed both here and the list of stock exchanges. Africa Kenya * Nairobi Securitie ...
*
List of stock exchanges This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. There are sixteen stock exchanges in the wor ...
*
List of stock market indices Commonly used stock market indices include: Global Large companies not ordered by any nation or type of business: * MSCI World (i.e. MSCI ACWI Index) * S&P Global 100 * S&P Global 1200 * The Global Dow – Global version of the Dow Jones In ...
*
Hong Kong Exchanges and Clearing Hong Kong Exchanges and Clearing Limited (HKEX; , also 香港交易所 or 港交所 ) operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEHK ...


External links


Official Website of the ZCE


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