The Shanghai Futures Exchange (SHFE) (Chinese: 上海期货交易所) was formed from the amalgamation of 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.
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Famous quotes containing the words shanghai, futures and/or exchange:
“It took more than one man to change my name to Shanghai Lily.”
—Jules Furthman (1888–1960)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)
“Ants are so much like human beings as to be an embarrassment. They farm fungi, raise aphids as livestock, launch armies into war, use chemical sprays to alarm and confuse enemies, capture slaves, engage in child labor, exchange information ceaselessly. They do everything but watch television.”
—Lewis Thomas (b. 1913)