The China Financial Futures Exchange (CFFEX), is a futures exchange established in Shanghai in September 08, 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, Dalian Commodity Exchange, Shanghai Stock 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 other financial derivatives such as other index futures, index options, government bonds futures and currency futures. CFFEX launched its first product by conducting trading systems testing and running a series of programs to educate investors about risks.
Famous quotes containing the words china, financial, futures and/or exchange:
“The awakening of the people of China to the possibilities under free government is the most significant, if not the most momentous, event of our generation.”
—Woodrow Wilson (1856–1924)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“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)
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—Lewis Thomas (b. 1913)