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 fi ...

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 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 (particu ...

(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 risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

of the Zhengzhou Commodity Exchange,

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exch ...

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 of change of the function's output relative to its input value. Derivative may also refer to: In mathematics and economics *Brzozowski derivative in the theory of formal languages *Formal derivative, an ...

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